Trading Report: Today, Stepan Co. (SCL) Issues Earnings Results

Today, Stepan Co. (SCL) Issues  Earnings Results

Stepan Co. (NYSE:SCL) issued its quarterly earnings results on Tuesday. The company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $1.15. Stepan had a net margin of 5.29% and a return on equity of 16.78%.

Shares of Stepan (NYSE:SCL) opened at 70.14 on Tuesday. The stock has a market cap of $1.57 billion, a PE ratio of 17.23 and a beta of 1.17. Stepan has a 12 month low of $41.42 and a 12 month high of $74.25. The firm’s 50-day moving average is $71.43 and its 200 day moving average is $63.68.

A number of equities research analysts have recently issued reports on SCL shares. Zacks Investment Research cut shares of Stepan from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Seaport Global Securities upped their price objective on shares of Stepan from $66.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. National Bank Financial raised shares of Stepan from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $32.00 to $37.00 in a research note on Monday, August 15th. Finally, TD Securities cut their price objective on shares of Stepan from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.60.

In other news, CEO F Quinn Stepan, Jr. sold 32,000 shares of Stepan stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $63.46, for a total transaction of $2,030,720.00. Following the sale, the chief executive officer now owns 157,247 shares in the company, valued at $9,978,894.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Frank Pacholec sold 2,000 shares of Stepan stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the vice president now owns 56,489 shares in the company, valued at approximately $3,671,785. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SCL. BlackRock Fund Advisors boosted its stake in Stepan by 5.0% in the second quarter. BlackRock Fund Advisors now owns 1,229,033 shares of the company’s stock valued at $73,164,000 after buying an additional 58,545 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Stepan by 10.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 639,048 shares of the company’s stock valued at $38,043,000 after buying an additional 60,934 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Stepan by 2.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 303,759 shares of the company’s stock valued at $18,083,000 after buying an additional 5,935 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in Stepan by 12.2% in the second quarter. BlackRock Investment Management LLC now owns 88,063 shares of the company’s stock valued at $5,242,000 after buying an additional 9,550 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Stepan by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 59,281 shares of the company’s stock valued at $3,529,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 59.68% of the company’s stock.

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