Principal Financial Group Inc. Acquires 375 Shares of Stepan (NYSE:SCL)

Principal Financial Group Inc. grew its holdings in Stepan (NYSE:SCL) by 0.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 153,178 shares of the basic materials company’s stock after buying an additional 375 shares during the quarter. Principal Financial Group Inc.’s holdings in Stepan were worth $16,696,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SCL. FMR LLC raised its holdings in shares of Stepan by 189.0% in the 1st quarter. FMR LLC now owns 341 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Stepan in the 2nd quarter valued at about $48,000. AdvisorNet Financial Inc raised its holdings in shares of Stepan by 31.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 665 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 158 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Stepan by 1,612.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 942 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 887 shares in the last quarter. Finally, AJO LP bought a new stake in shares of Stepan in the 2nd quarter valued at about $132,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

Several research analysts recently commented on SCL shares. Stifel Nicolaus boosted their price objective on shares of Stepan from $122.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating and set a $125.00 price objective for the company in a research note on Saturday, July 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stepan currently has an average rating of “Buy” and an average target price of $118.67.

NYSE SCL opened at $123.72 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.50 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.78 billion, a PE ratio of 25.88 and a beta of 1.00. The company has a 50 day moving average price of $117.29 and a 200 day moving average price of $106.95. Stepan has a 52 week low of $69.33 and a 52 week high of $129.62.

Stepan (NYSE:SCL) last issued its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.16. Stepan had a net margin of 6.15% and a return on equity of 13.22%. On average, equities research analysts anticipate that Stepan will post 5.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.305 per share. This is a positive change from Stepan’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, November 27th. This represents a $1.22 dividend on an annualized basis and a yield of 0.99%. Stepan’s dividend payout ratio is presently 21.48%.

In other Stepan news, VP Debra Stefaniak sold 453 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $116.34, for a total transaction of $52,702.02. Following the transaction, the vice president now owns 8,617 shares in the company, valued at approximately $1,002,501.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO F Quinn Stepan, Jr. sold 12,281 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $120.04, for a total transaction of $1,474,211.24. Following the transaction, the chief executive officer now owns 232,484 shares in the company, valued at approximately $27,907,379.36. The disclosure for this sale can be found here. Insiders have sold a total of 25,919 shares of company stock worth $3,070,190 in the last 90 days. 6.20% of the stock is currently owned by company insiders.

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 in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

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Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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