1 week Ago By ABMN Staff
Norges Bank acquired a new position in shares of Stepan ( NYSE:SCL – Free Report ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 116,622 shares of the basic materials company’s stock, valued at approximately $7,545,000.
Other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Stepan by 110.6% in the fourth quarter.
Versant Capital Management Inc now owns 457 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 240 shares during the period. KBC Group NV grew its stake in Stepan by 40.8% during the fourth quarter.
KBC Group NV now owns 1,315 shares of the basic materials company’s stock worth $85,000 after buying an additional 381 shares in the last quarter. Point72 Asset Management L.P.
bought a new position in Stepan in the 3rd quarter valued at about $170,000. Entropy Technologies LP acquired a new position in shares of Stepan in the 4th quarter valued at approximately $239,000. Finally, Howe & Rusling Inc.
lifted its holdings in shares of Stepan by 24.5% during the 4th quarter. Howe & Rusling Inc.
now owns 4,254 shares of the basic materials company’s stock worth $275,000 after acquiring an additional 837 shares during the period. 82.70% of the stock is currently owned by institutional investors.
Insider Transactions at Stepan In other news, Director Susan Lewis acquired 500 shares of Stepan stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $63.53 per share, for a total transaction of $31,765.
00. Following the transaction, the director now directly owns 1,896 shares of the company’s stock, valued at approximately $120,452.88.
The trade was a 35.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
Company insiders own 6.90% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Stock Report on SCL Stepan Price Performance Stepan stock opened at $45.
28 on Wednesday. The stock has a fifty day moving average of $58.58 and a 200-day moving average of $67.
15. The stock has a market capitalization of $1.02 billion, a P/E ratio of 20.
49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.
28, a quick ratio of 0.86 and a current ratio of 1.21.
Stepan has a 52 week low of $44.68 and a 52 week high of $94.77.
Stepan ( NYSE:SCL – Get Free Report ) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.
45 by ($0.33). The company had revenue of $525.
60 million during the quarter, compared to the consensus estimate of $520.97 million. Stepan had a return on equity of 4.
21% and a net margin of 2.31%. The firm’s revenue was down 1.
2% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS.
On average, sell-side analysts expect that Stepan will post 3.55 earnings per share for the current fiscal year. Stepan Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Monday, March 3rd were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Monday, March 3rd.
This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.40%.
Stepan’s payout ratio is presently 69.68%. Stepan Company Profile ( Free Report ) 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 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. Further Reading Want to see what other hedge funds are holding SCL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Stepan ( NYSE:SCL – Free Report ). Receive News & Ratings for Stepan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan and related companies with MarketBeat.com's FREE daily email newsletter .
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