TD Asset Management Inc. Has $537,000 Stock Holdings in Stepan (NYSE:SCL)

TD Asset Management Inc. cut its position in shares of Stepan (NYSE:SCL) by 39.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,140 shares of the basic materials company’s stock after selling 4,030 shares during the quarter. TD Asset Management Inc.’s holdings in Stepan were worth $537,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SCL. BlackRock Inc. grew its stake in shares of Stepan by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,976,582 shares of the basic materials company’s stock worth $220,267,000 after acquiring an additional 81,517 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Stepan by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,097,483 shares of the basic materials company’s stock worth $81,214,000 after acquiring an additional 3,653 shares during the last quarter. Norges Bank acquired a new stake in Stepan during the fourth quarter worth $35,800,000. Geode Capital Management LLC boosted its stake in Stepan by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 274,456 shares of the basic materials company’s stock worth $20,309,000 after buying an additional 15,923 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Stepan by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 174,914 shares of the basic materials company’s stock worth $12,944,000 after buying an additional 2,326 shares in the last quarter. 71.71% of the stock is owned by institutional investors.

Shares of Stepan stock traded up $0.56 during trading on Monday, reaching $92.47. The company’s stock had a trading volume of 117,800 shares, compared to its average volume of 89,384. The stock has a 50-day moving average of $88.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.74 and a quick ratio of 2.01. The firm has a market capitalization of $2.08 billion, a PE ratio of 18.95 and a beta of 1.30. Stepan has a one year low of $69.17 and a one year high of $95.32.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.04. The firm 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 period last year, the company earned $1.44 earnings per share. Sell-side analysts forecast that Stepan will post 4.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. Stepan’s payout ratio is 20.49%.

In other news, VP Frank Pacholec sold 1,931 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $91.94, for a total transaction of $177,536.14. Following the completion of the transaction, the vice president now directly owns 8,664 shares in the company, valued at approximately $796,568.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Luis Rojo acquired 300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average price of $86.64 per share, with a total value of $25,992.00. Following the completion of the transaction, the chief financial officer now directly owns 1,900 shares in the company, valued at approximately $164,616. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,000 shares of company stock valued at $87,880 and sold 5,332 shares valued at $486,759. 11.40% of the stock is owned by company insiders.

A number of research firms have weighed in on SCL. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Tuesday, May 7th. ValuEngine raised Stepan from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $79.50.

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.

Further Reading: Price-Sales Ratio

Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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