LSV Asset Management cut its stake in Stepan (NYSE:SCL) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,592 shares of the basic materials company’s stock after selling 16,833 shares during the period. LSV Asset Management owned 0.78% of Stepan worth $15,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCL. BlackRock Inc. raised its stake in shares of Stepan by 6.7% during the second quarter. BlackRock Inc. now owns 2,810,899 shares of the basic materials company’s stock worth $219,279,000 after buying an additional 176,940 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stepan by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,086,248 shares of the basic materials company’s stock worth $84,738,000 after buying an additional 29,481 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Stepan by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 415,094 shares of the basic materials company’s stock worth $32,383,000 after buying an additional 8,178 shares during the last quarter. Northern Trust Corp raised its stake in shares of Stepan by 10.0% during the second quarter. Northern Trust Corp now owns 307,891 shares of the basic materials company’s stock worth $24,019,000 after buying an additional 28,066 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Stepan by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 179,640 shares of the basic materials company’s stock worth $14,014,000 after buying an additional 10,990 shares during the last quarter. 67.98% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on SCL shares. Zacks Investment Research raised shares of Stepan from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Seaport Global Securities reissued a “hold” rating and set a $95.00 price target on shares of Stepan in a research note on Monday, November 5th. Finally, TD Securities reissued a “neutral” rating and set a $27.00 price target on shares of Stepan in a research note on Wednesday, November 7th.

SCL opened at $81.84 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.49 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.95 billion, a P/E ratio of 17.60 and a beta of 1.17. Stepan has a fifty-two week low of $68.09 and a fifty-two week high of $90.96.

Stepan (NYSE:SCL) last issued its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.11. The firm had revenue of $508.00 million during the quarter, compared to analysts’ expectations of $504.20 million. Stepan had a net margin of 4.78% and a return on equity of 15.02%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts anticipate that Stepan will post 4.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. This is a boost from Stepan’s previous quarterly dividend of $0.23. Stepan’s payout ratio is currently 19.35%.

In related news, Director Gregory E. Lawton sold 2,114 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $87.75, for a total transaction of $185,503.50. Following the completion of the transaction, the director now owns 18,429 shares in the company, valued at $1,617,144.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward J. Wehmer sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $84.91, for a total transaction of $118,874.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,213 shares of company stock valued at $535,973. Corporate insiders own 12.60% of the company’s stock.

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Stepan Company Profile

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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