Stepan (NYSE:SCL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Stepan (NYSE:SCLGet Rating) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,125 shares of the basic materials company’s stock after selling 1,607 shares during the period. Principal Financial Group Inc.’s holdings in Stepan were worth $13,747,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its holdings in Stepan by 0.5% in the first quarter. Great West Life Assurance Co. Can now owns 18,485 shares of the basic materials company’s stock valued at $1,875,000 after acquiring an additional 98 shares during the last quarter. US Bancorp DE lifted its stake in Stepan by 3.3% during the third quarter. US Bancorp DE now owns 3,110 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Stepan by 1.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 7,028 shares of the basic materials company’s stock worth $658,000 after purchasing an additional 128 shares in the last quarter. Royal Bank of Canada lifted its stake in Stepan by 3.1% during the third quarter. Royal Bank of Canada now owns 4,534 shares of the basic materials company’s stock worth $425,000 after purchasing an additional 137 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Stepan by 2.2% during the third quarter. Victory Capital Management Inc. now owns 8,190 shares of the basic materials company’s stock worth $767,000 after purchasing an additional 178 shares in the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com assumed coverage on Stepan in a research note on Thursday, May 18th. They set a “sell” rating on the stock. TheStreet cut Stepan from a “b-” rating to a “c” rating in a research note on Wednesday, May 17th.

Stepan Stock Down 0.3 %

Stepan stock opened at $96.73 on Thursday. Stepan has a twelve month low of $87.11 and a twelve month high of $116.72. The stock’s fifty day simple moving average is $95.99 and its 200-day simple moving average is $103.59. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $2.16 billion, a P/E ratio of 18.82 and a beta of 0.83.

Stepan (NYSE:SCLGet Rating) last posted its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.23). Stepan had a return on equity of 11.20% and a net margin of 4.31%. The company had revenue of $651.40 million for the quarter, compared to analysts’ expectations of $649.73 million. During the same period in the prior year, the company posted $1.76 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that Stepan will post 4.58 earnings per share for the current fiscal year.

Stepan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, May 30th. Stepan’s dividend payout ratio is currently 28.40%.

Insider Transactions at Stepan

In other news, CEO Scott R. Behrens sold 2,000 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $89.91, for a total transaction of $179,820.00. Following the sale, the chief executive officer now owns 12,756 shares of the company’s stock, valued at $1,146,891.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Scott R. Behrens sold 2,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $89.91, for a total value of $179,820.00. Following the transaction, the chief executive officer now owns 12,756 shares of the company’s stock, valued at $1,146,891.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Arthur W. Mergner sold 1,996 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $98.23, for a total value of $196,067.08. Following the completion of the transaction, the vice president now directly owns 27,516 shares in the company, valued at approximately $2,702,896.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,630 shares of company stock valued at $442,495. 6.90% of the stock is currently owned by company insiders.

About Stepan

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Stepan Co engages in the manufacture and sale of specialty and intermediate chemicals. It operates through the following segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers a range of surfactant chemicals such as anionic, cationic, nonionic, and amphoteric surfactants.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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