Stepan (SCL) CFO Luis Rojo Acquires 400 Shares of Stock

Share on StockTwits

Stepan (NYSE:SCL) CFO Luis Rojo acquired 400 shares of Stepan stock in a transaction on Friday, December 14th. The shares were bought at an average cost of $78.72 per share, for a total transaction of $31,488.00. Following the completion of the purchase, the chief financial officer now directly owns 400 shares of the company’s stock, valued at $31,488. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

SCL opened at $74.79 on Wednesday. The company has a market cap of $1.68 billion, a PE ratio of 16.08 and a beta of 1.14. Stepan has a one year low of $68.09 and a one year high of $90.96. The company has a current ratio of 2.49, a quick ratio of 1.90 and a debt-to-equity ratio of 0.34.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. Stepan had a return on equity of 15.02% and a net margin of 4.78%. The company had revenue of $508.00 million for the quarter, compared to analysts’ expectations of $504.20 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Stepan’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Stepan will post 4.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Stepan’s previous quarterly dividend of $0.23. Stepan’s dividend payout ratio is currently 21.51%.

SCL has been the topic of several analyst reports. Zacks Investment Research raised Stepan from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Wednesday, September 26th. Stifel Nicolaus started coverage on Stepan in a research note on Monday, December 10th. They set a “buy” rating and a $94.00 price objective on the stock. Seaport Global Securities reaffirmed a “hold” rating and set a $95.00 target price on shares of Stepan in a research note on Monday, November 5th. Finally, TD Securities reaffirmed a “neutral” rating and set a $27.00 target price on shares of Stepan in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.75.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc lifted its holdings in Stepan by 1.3% during the third quarter. Vanguard Group Inc now owns 2,227,810 shares of the basic materials company’s stock worth $193,841,000 after buying an additional 28,876 shares during the period. Vanguard Group Inc. lifted its holdings in Stepan by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,227,810 shares of the basic materials company’s stock worth $193,841,000 after buying an additional 28,876 shares during the period. Morgan Stanley lifted its holdings in Stepan by 85.7% during the third quarter. Morgan Stanley now owns 90,631 shares of the basic materials company’s stock worth $7,886,000 after buying an additional 41,817 shares during the period. Legal & General Group Plc lifted its holdings in Stepan by 9.0% during the third quarter. Legal & General Group Plc now owns 47,409 shares of the basic materials company’s stock worth $4,123,000 after buying an additional 3,927 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in Stepan by 4.2% during the third quarter. Teachers Advisors LLC now owns 193,115 shares of the basic materials company’s stock worth $16,803,000 after buying an additional 7,820 shares during the period. Institutional investors own 67.80% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://weekherald.com/2018/12/19/stepan-scl-cfo-luis-rojo-acquires-400-shares-of-stock.html.

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.

Recommended Story: Google Finance Portfolio

Insider Buying and Selling by Quarter for Stepan (NYSE:SCL)

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.

Leave a Reply