Stepan Company (SCL) Shares Bought by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lifted its position in shares of Stepan Company (NYSE:SCL) by 12.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,665 shares of the basic materials company’s stock after purchasing an additional 6,000 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.24% of Stepan worth $4,675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. increased its position in shares of Stepan by 455.2% during the second quarter. Advisor Group Inc. now owns 1,177 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 965 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Stepan during the first quarter worth about $134,000. Acrospire Investment Management LLC increased its position in shares of Stepan by 224.9% during the second quarter. Acrospire Investment Management LLC now owns 1,589 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 1,100 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Stepan by 28.8% during the first quarter. Victory Capital Management Inc. now owns 1,917 shares of the basic materials company’s stock worth $151,000 after purchasing an additional 429 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Stepan during the first quarter worth about $202,000. Institutional investors and hedge funds own 62.53% of the company’s stock.

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A number of research firms have recently commented on SCL. Zacks Investment Research cut Stepan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Wellington Shields cut Stepan from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. National Bank Financial upgraded Stepan from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $35.00 in a research report on Wednesday. BidaskClub cut Stepan from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, TD Securities reiterated a “buy” rating and set a $33.00 target price on shares of Stepan in a research report on Sunday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Stepan presently has a consensus rating of “Buy” and a consensus target price of $36.25.

Stepan (NYSE:SCL) last issued its earnings results on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The company had revenue of $495.10 million during the quarter, compared to analyst estimates of $472.35 million. Stepan had a net margin of 4.85% and a return on equity of 14.95%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.82 annualized dividend and a yield of 0.94%. Stepan’s dividend payout ratio (DPR) is 21.52%.

In related news, Director F Quinn Stepan sold 8,865 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $80.50, for a total transaction of $713,632.50. Following the sale, the director now owns 287,962 shares in the company, valued at $23,180,941. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman F Quinn Stepan, Jr. sold 15,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $79.27, for a total transaction of $1,189,050.00. Following the sale, the chairman now owns 151,864 shares in the company, valued at approximately $12,038,259.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,404 shares of company stock worth $2,343,492. 13.10% of the stock is owned by company insiders.

Stepan Profile

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

Institutional Ownership by Quarter for Stepan (NYSE:SCL)

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