Northern Trust Corp Has $23.28 Million Holdings in Stepan (SCL)

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Northern Trust Corp raised its holdings in Stepan (NYSE:SCL) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,825 shares of the basic materials company’s stock after buying an additional 1,731 shares during the quarter. Northern Trust Corp owned 1.24% of Stepan worth $23,276,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SCL. Dean Investment Associates LLC bought a new stake in Stepan in the 1st quarter valued at $6,231,000. Millennium Management LLC increased its holdings in Stepan by 53.9% in the 4th quarter. Millennium Management LLC now owns 197,485 shares of the basic materials company’s stock valued at $15,595,000 after buying an additional 69,130 shares during the period. American Century Companies Inc. increased its holdings in Stepan by 40.8% in the 1st quarter. American Century Companies Inc. now owns 157,475 shares of the basic materials company’s stock valued at $13,099,000 after buying an additional 45,660 shares during the period. Wells Fargo & Company MN increased its holdings in Stepan by 96.3% in the 1st quarter. Wells Fargo & Company MN now owns 67,275 shares of the basic materials company’s stock valued at $5,596,000 after buying an additional 33,004 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Stepan by 12.7% in the 1st quarter. Prudential Financial Inc. now owns 214,211 shares of the basic materials company’s stock valued at $17,818,000 after buying an additional 24,088 shares during the period. 65.56% of the stock is currently owned by hedge funds and other institutional investors.

SCL opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.98 and a current ratio of 2.61. Stepan has a twelve month low of $68.09 and a twelve month high of $92.97. The stock has a market capitalization of $1.73 billion, a PE ratio of 16.55 and a beta of 1.16.

Stepan (NYSE:SCL) last posted its earnings results on Tuesday, April 24th. The basic materials company reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.09). Stepan had a return on equity of 14.73% and a net margin of 4.62%. The firm had revenue of $499.34 million during the quarter, compared to the consensus estimate of $506.00 million. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts expect that Stepan will post 4.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, May 30th. Stepan’s payout ratio is 19.35%.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Stepan from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Stepan from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.25.

About Stepan

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

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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