Stepan (NYSE:SCL) CFO Luis Rojo purchased 200 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average price of $87.19 per share, with a total value of $17,438.00. Following the purchase, the chief financial officer now directly owns 1,600 shares in the company, valued at approximately $139,504. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Luis Rojo also recently made the following trade(s):
- On Tuesday, May 7th, Luis Rojo purchased 250 shares of Stepan stock. The shares were bought at an average price of $88.23 per share, with a total value of $22,057.50.
- On Friday, May 3rd, Luis Rojo purchased 250 shares of Stepan stock. The shares were bought at an average price of $89.57 per share, with a total value of $22,392.50.
- On Friday, March 15th, Luis Rojo purchased 200 shares of Stepan stock. The shares were bought at an average price of $89.75 per share, with a total value of $17,950.00.
- On Wednesday, March 13th, Luis Rojo purchased 200 shares of Stepan stock. The shares were bought at an average price of $90.87 per share, with a total value of $18,174.00.
- On Thursday, March 7th, Luis Rojo purchased 100 shares of Stepan stock. The shares were bought at an average price of $90.17 per share, with a total value of $9,017.00.
Shares of Stepan stock traded down $0.58 during mid-day trading on Friday, hitting $89.57. 297,266 shares of the stock were exchanged, compared to its average volume of 103,231. Stepan has a 12 month low of $69.17 and a 12 month high of $95.32. 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 stock has a market cap of $2.04 billion, a P/E ratio of 18.35 and a beta of 1.27.
Stepan (NYSE:SCL) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Stepan had a net margin of 5.40% and a return on equity of 14.24%. The firm had revenue of $489.17 million for the quarter, compared to analysts’ expectations of $510.57 million. During the same quarter last year, the firm earned $1.44 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Stepan will post 5.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Stepan’s dividend payout ratio is currently 20.49%.
Several institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Stepan in the 4th quarter worth approximately $35,800,000. BlackRock Inc. grew its stake in Stepan by 2.8% in the 4th quarter. BlackRock Inc. now owns 2,976,582 shares of the basic materials company’s stock valued at $220,267,000 after buying an additional 81,517 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Stepan in the 4th quarter valued at approximately $5,741,000. Roubaix Capital LLC purchased a new position in Stepan in the 1st quarter valued at approximately $4,468,000. Finally, Morgan Stanley grew its stake in Stepan by 85.7% in the 3rd quarter. Morgan Stanley now owns 90,631 shares of the basic materials company’s stock valued at $7,886,000 after buying an additional 41,817 shares in the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on SCL. Zacks Investment Research raised shares of Stepan from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. ValuEngine cut shares of Stepan from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Stepan currently has a consensus rating of “Hold” and a consensus target price of $79.50.
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Stepan Company Profile
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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