Stepan (SCL) Director Gregory E. Lawton Sells 2,201 Shares

Stepan (NYSE:SCL) Director Gregory E. Lawton sold 2,201 shares of Stepan stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $91.14, for a total value of $200,599.14. Following the completion of the transaction, the director now directly owns 17,315 shares in the company, valued at $1,578,089.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Stepan stock traded down $0.29 during trading on Thursday, hitting $85.60. The stock had a trading volume of 61,237 shares, compared to its average volume of 102,099. The company has a quick ratio of 2.01, a current ratio of 2.74 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 17.54 and a beta of 1.27. Stepan has a fifty-two week low of $69.17 and a fifty-two week high of $95.32.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04. The business had revenue of $489.17 million during the quarter, compared to analyst estimates of $510.57 million. Stepan had a return on equity of 14.24% and a net margin of 5.40%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Analysts anticipate that Stepan will post 4.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. Stepan’s dividend payout ratio (DPR) is 20.49%.

SCL has been the topic of several analyst reports. Zacks Investment Research upgraded Stepan from a “sell” rating to a “hold” rating in a report on Friday, February 15th. ValuEngine upgraded Stepan from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stepan has an average rating of “Hold” and an average target price of $79.50.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in Stepan by 0.4% during the first quarter. BlackRock Inc. now owns 2,989,301 shares of the basic materials company’s stock valued at $261,624,000 after buying an additional 12,719 shares during the period. Vanguard Group Inc. raised its position in Stepan by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,227,810 shares of the basic materials company’s stock valued at $193,841,000 after buying an additional 28,876 shares during the period. Vanguard Group Inc raised its position in Stepan by 1.3% during the third quarter. Vanguard Group Inc now owns 2,227,810 shares of the basic materials company’s stock valued at $193,841,000 after buying an additional 28,876 shares during the period. Dimensional Fund Advisors LP raised its position in Stepan by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,100,592 shares of the basic materials company’s stock valued at $96,325,000 after buying an additional 3,109 shares during the period. Finally, Wellington Management Group LLP raised its position in Stepan by 2.3% during the first quarter. Wellington Management Group LLP now owns 519,406 shares of the basic materials company’s stock valued at $45,458,000 after buying an additional 11,726 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

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About Stepan

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

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