323 Shares in Stepan (NYSE:SCL) Purchased by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC acquired a new position in Stepan (NYSE:SCLGet Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 323 shares of the basic materials company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Stepan by 3.1% in the first quarter. BlackRock Inc. now owns 3,733,939 shares of the basic materials company’s stock worth $368,951,000 after purchasing an additional 112,113 shares during the period. Vanguard Group Inc. increased its position in Stepan by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,480,460 shares of the basic materials company’s stock worth $245,094,000 after purchasing an additional 15,595 shares during the period. State Street Corp increased its position in Stepan by 12.8% in the second quarter. State Street Corp now owns 1,951,932 shares of the basic materials company’s stock worth $197,828,000 after purchasing an additional 221,795 shares during the period. Dimensional Fund Advisors LP increased its position in Stepan by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,007,868 shares of the basic materials company’s stock worth $99,589,000 after purchasing an additional 8,992 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Stepan by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 243,661 shares of the basic materials company’s stock worth $24,076,000 after purchasing an additional 13,746 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Stepan from a “buy” rating to a “hold” rating in a report on Friday, December 30th.

Stepan Price Performance

Shares of SCL opened at $109.30 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. Stepan has a 1 year low of $91.64 and a 1 year high of $119.11. The stock has a market cap of $2.43 billion, a P/E ratio of 16.49 and a beta of 0.80. The stock’s 50-day moving average price is $109.08 and its two-hundred day moving average price is $104.90.

Stepan (NYSE:SCLGet Rating) last issued its earnings results on Wednesday, October 19th. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Stepan had a return on equity of 14.62% and a net margin of 5.56%. The firm had revenue of $719.20 million for the quarter, compared to analysts’ expectations of $664.48 million. During the same quarter last year, the business earned $1.57 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. On average, equities analysts predict that Stepan will post 6.84 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Arthur W. Mergner sold 2,156 shares of Stepan stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $103.01, for a total transaction of $222,089.56. Following the transaction, the vice president now owns 23,513 shares in the company, valued at approximately $2,422,074.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director F Quinn Stepan, Jr. sold 5,308 shares of Stepan stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $110.00, for a total transaction of $583,880.00. Following the transaction, the director now owns 64,869 shares in the company, valued at approximately $7,135,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Arthur W. Mergner sold 2,156 shares of Stepan stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $103.01, for a total value of $222,089.56. Following the transaction, the vice president now owns 23,513 shares in the company, valued at approximately $2,422,074.13. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.

Stepan Company Profile

(Get Rating)

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. 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 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.

See Also

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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