Insider Selling: Stepan Company (SCL) VP Sells $81,160.00 in Stock

Stepan Company (NYSE:SCL) VP Arthur W. Mergner sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $81.16, for a total value of $81,160.00. Following the completion of the sale, the vice president now directly owns 2,960 shares in the company, valued at $240,233.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Stepan Company (SCL) traded down $0.44 during mid-day trading on Friday, hitting $79.45. The stock had a trading volume of 50,485 shares, compared to its average volume of 71,068. Stepan Company has a 12-month low of $68.51 and a 12-month high of $92.97. The firm has a market capitalization of $1,780.00, a price-to-earnings ratio of 19.40 and a beta of 1.28. The company has a quick ratio of 2.08, a current ratio of 2.64 and a debt-to-equity ratio of 0.38.

Stepan (NYSE:SCL) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.17). Stepan had a net margin of 4.81% and a return on equity of 13.98%. The firm had revenue of $487.81 million for the quarter, compared to analyst estimates of $469.75 million. During the same period in the previous year, the business posted $1.06 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts forecast that Stepan Company will post 4.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Stepan’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, November 29th. Stepan’s dividend payout ratio (DPR) is presently 20.87%.

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Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Stepan by 455.2% during the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 965 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Stepan by 224.9% during the second quarter. Acrospire Investment Management LLC now owns 1,589 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 1,100 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Stepan by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,254 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 337 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Stepan by 3.9% during the second quarter. Amalgamated Bank now owns 2,757 shares of the basic materials company’s stock valued at $240,000 after purchasing an additional 104 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Stepan by 4.7% during the second quarter. Suntrust Banks Inc. now owns 3,275 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 146 shares in the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

SCL has been the topic of several research analyst reports. Wellington Shields lowered Stepan from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. National Bank Financial raised Stepan from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $35.00 in a research note on Wednesday, October 11th. KeyCorp reaffirmed a “hold” rating on shares of Stepan in a research note on Friday, September 1st. Finally, BMO Capital Markets reduced their price objective on Stepan from $42.00 to $36.00 in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.25.

About Stepan

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

Insider Buying and Selling by Quarter for Stepan (NYSE:SCL)

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