2 weeks Ago By ABMN Staff
Invesco Ltd. grew its position in shares of Stepan ( NYSE:SCL – Free Report ) by 47.3% in the 4th quarter, HoldingsChannel reports.
The fund owned 145,802 shares of the basic materials company’s stock after buying an additional 46,846 shares during the period. Invesco Ltd.’s holdings in Stepan were worth $9,433,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Stepan by 7.0% in the fourth quarter.
Bank of Montreal Can now owns 13,906 shares of the basic materials company’s stock valued at $900,000 after acquiring an additional 905 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Stepan by 238.4% in the fourth quarter.
Dynamic Technology Lab Private Ltd now owns 10,706 shares of the basic materials company’s stock valued at $693,000 after acquiring an additional 7,542 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Stepan by 24.4% during the fourth quarter.
Wells Fargo & Company MN now owns 14,018 shares of the basic materials company’s stock valued at $907,000 after purchasing an additional 2,746 shares during the period. Norges Bank bought a new stake in shares of Stepan in the fourth quarter valued at approximately $7,545,000. Finally, Howe & Rusling Inc.
lifted its position in shares of Stepan by 24.5% during the fourth 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 in the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other news, Director Susan Lewis bought 500 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $63.53 per share, with a total value of $31,765.
00. Following the completion of the acquisition, the director now owns 1,896 shares of the company’s stock, valued at approximately $120,452.88.
This represents a 35.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
6.90% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth View Our Latest Research Report on SCL Stepan Trading Down 0.
8 % Shares of Stepan stock opened at $48.65 on Thursday. The company’s 50-day moving average price is $55.
21 and its 200-day moving average price is $64.90. The company has a current ratio of 1.
21, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.
Stepan has a 12-month low of $44.23 and a 12-month high of $94.77.
The company has a market cap of $1.10 billion, a price-to-earnings ratio of 22.01 and a beta of 0.
97. Stepan ( NYSE:SCL – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.
12 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.33).
The firm had revenue of $525.60 million for the quarter, compared to the consensus estimate of $520.97 million.
Stepan had a net margin of 2.31% and a return on equity of 4.21%.
Stepan’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.
33 earnings per share. On average, equities analysts expect that Stepan will post 3.55 earnings per share for the current fiscal year.
Stepan Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.385 per share.
The ex-dividend date was Monday, March 3rd. This represents a $1.54 annualized dividend and a dividend yield of 3.
17%. Stepan’s dividend payout ratio (DPR) 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.
Featured Articles 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.
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