Profund Advisors LLC Increases Position in Stepan (NYSE:SCL)

Profund Advisors LLC lifted its holdings in Stepan (NYSE:SCL) by 4.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,606 shares of the basic materials company’s stock after acquiring an additional 113 shares during the quarter. Profund Advisors LLC’s holdings in Stepan were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in Stepan by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 432,834 shares of the basic materials company’s stock valued at $55,018,000 after purchasing an additional 9,927 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Stepan by 21.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 388,444 shares of the basic materials company’s stock valued at $49,375,000 after acquiring an additional 67,912 shares during the period. Geode Capital Management LLC raised its holdings in Stepan by 7.8% during the 1st quarter. Geode Capital Management LLC now owns 386,655 shares of the basic materials company’s stock valued at $49,147,000 after acquiring an additional 28,087 shares during the period. Principal Financial Group Inc. raised its holdings in Stepan by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 150,643 shares of the basic materials company’s stock valued at $18,117,000 after acquiring an additional 1,467 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Stepan by 27.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 118,642 shares of the basic materials company’s stock valued at $14,269,000 after acquiring an additional 25,496 shares during the period. Institutional investors and hedge funds own 75.05% of the company’s stock.

Separately, Zacks Investment Research cut shares of Stepan from a “hold” rating to a “sell” rating in a report on Wednesday, September 29th.

Shares of SCL stock opened at $120.65 on Friday. The company’s fifty day simple moving average is $115.47 and its two-hundred day simple moving average is $123.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.18. Stepan has a 1 year low of $109.08 and a 1 year high of $139.30. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 19.09 and a beta of 0.70.

Stepan (NYSE:SCL) last issued its earnings results on Tuesday, July 27th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.03). The business had revenue of $595.51 million for the quarter, compared to the consensus estimate of $545.43 million. Stepan had a net margin of 7.04% and a return on equity of 15.48%. Equities research analysts anticipate that Stepan will post 6.71 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 30th. This represents a $1.22 annualized dividend and a dividend yield of 1.01%. Stepan’s payout ratio is currently 21.48%.

Stepan Company Profile

Stepan Co engages in the manufacture and sale of specialty and intermediate chemicals. It operates through the following segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers a range of surfactant chemicals such as anionic, cationic, nonionic, and amphoteric surfactants.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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