Dimensional Fund Advisors LP lifted its holdings in shares of Stepan (NYSE:SCL – Free Report) by 1.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,070,150 shares of the basic materials company’s stock after buying an additional 10,121 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Stepan were worth $110,255,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in Stepan by 9.1% during the 1st quarter. ProShare Advisors LLC now owns 93,025 shares of the basic materials company’s stock worth $9,584,000 after acquiring an additional 7,786 shares during the period. Rhumbline Advisers raised its stake in shares of Stepan by 1.4% during the first quarter. Rhumbline Advisers now owns 83,285 shares of the basic materials company’s stock worth $8,581,000 after purchasing an additional 1,178 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Stepan during the first quarter worth $382,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Stepan in the 1st quarter valued at $1,525,000. Finally, Aigen Investment Management LP acquired a new position in Stepan in the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 79.64% of the company’s stock.
Insider Buying and Selling at Stepan
In other Stepan news, Director Randall S. Dearth sold 590 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $87.19, for a total transaction of $51,442.10. Following the sale, the director now owns 10,210 shares in the company, valued at approximately $890,209.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.90% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
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Stepan Trading Down 1.3 %
Shares of SCL opened at $79.10 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 23.06 and a beta of 0.82. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $91.00 and its two-hundred day moving average is $94.82. Stepan has a twelve month low of $78.35 and a twelve month high of $114.97.
Stepan (NYSE:SCL – Get Free Report) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.64). Stepan had a return on equity of 7.51% and a net margin of 3.07%. The firm had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $669.85 million. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. On average, research analysts predict that Stepan will post 2.78 earnings per share for the current fiscal year.
Stepan Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.365 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.46 dividend on an annualized basis and a yield of 1.85%. Stepan’s payout ratio is 42.57%.
Stepan Profile
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.
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