Dynamic Technology Lab Private Ltd Takes Position in Stepan Company (SCL)

Dynamic Technology Lab Private Ltd bought a new stake in Stepan Company (NYSE:SCL) during the first quarter, Holdings Channel reports. The institutional investor bought 2,556 shares of the basic materials company’s stock, valued at approximately $202,000.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Stepan Company during the fourth quarter valued at $1,969,000. Comerica Bank increased its stake in shares of Stepan Company by 5.7% in the fourth quarter. Comerica Bank now owns 20,789 shares of the basic materials company’s stock valued at $1,673,000 after buying an additional 1,130 shares during the period. State Street Corp increased its stake in shares of Stepan Company by 10.3% in the fourth quarter. State Street Corp now owns 469,422 shares of the basic materials company’s stock valued at $38,245,000 after buying an additional 43,741 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Stepan Company during the fourth quarter valued at $372,000. Finally, RidgeWorth Capital Management LLC acquired a new stake in shares of Stepan Company during the fourth quarter valued at $426,000. Institutional investors and hedge funds own 62.45% of the company’s stock.

Institutional Ownership by Quarter for Stepan Company (NYSE:SCL)

Shares of Stepan Company (SCL) opened at 87.87 on Monday. The firm has a market cap of $1.97 billion, a P/E ratio of 22.61 and a beta of 1.27. Stepan Company has a 12 month low of $56.31 and a 12 month high of $90.66. The company has a 50-day moving average of $85.71 and a 200-day moving average of $81.03.

Stepan Company (NYSE:SCL) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.17. The company had revenue of $468.30 million during the quarter, compared to analyst estimates of $461.70 million. Stepan Company had a net margin of 4.95% and a return on equity of 15.34%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. Equities analysts forecast that Stepan Company will post $4.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, May 25th. Stepan Company’s dividend payout ratio is currently 21.41%.

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SCL has been the subject of several recent research reports. Wellington Shields upgraded shares of Stepan Company from a “hold” rating to an “accumulate” rating in a research note on Friday, February 24th. Zacks Investment Research downgraded shares of Stepan Company from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Industrial Alliance Securities upgraded shares of Stepan Company from a “buy” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Monday, May 29th. ValuEngine upgraded shares of Stepan Company from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Stepan Company from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.67.

In other news, Chairman F Quinn Stepan, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $86.36, for a total value of $863,600.00. Following the completion of the sale, the chairman now directly owns 141,571 shares of the company’s stock, valued at approximately $12,226,071.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman F Quinn Stepan, Jr. sold 14,348 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $85.44, for a total transaction of $1,225,893.12. Following the completion of the sale, the chairman now directly owns 145,919 shares of the company’s stock, valued at $12,467,319.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,932 shares of company stock valued at $4,107,222. Company insiders own 13.10% of the company’s stock.

About Stepan Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SCL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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