Stepan Co (SCL): Gregory Servatius , VP of Human Resources of Stepan Co sold 1,000 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $61.60 per share for a total value of $61,600.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Gregory Servatius (VP of Human Resources) sold 1,000 shares at $61.40 per share price.On May 3, 2016, Arthur W Mergner (VP & General Manager) sold 4,500 shares at $61.18 per share price.Also, On May 2, 2016, F Quinn Stepan (Chairman) sold 13,400 shares at $62.32 per share price.On Apr 20, 2016, F Quinn Jr Stepan (President & CEO) sold 462 shares at $58.46 per share price.
Shares of Stepan Company (SCL) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -3.48 points or -5.66% at $58.01 with 4,20,717 shares getting traded. Post opening the session at $58.77, the shares hit an intraday low of $57.9 and an intraday high of $59.81 and the price vacillated in this range throughout the day. The company has a market cap of $1,295 M and the number of outstanding shares has been calculated to be 2,23,21,564 shares. The 52-week high of Stepan Company is $63.32 and the 52-week low is $40.49.
Company has been under the radar of several Street Analysts.Stepan Company is Downgraded by Seaport Global Securities to Neutral and the brokerage firm has raised the Price Target to $ 63 from a previous price target of $61 .Earlier the firm had a rating of Accumulate on the company shares. The Rating was issued on May 3, 2016.
Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and used in a variety of end products. The Company has three segments: surfactants polymers and specialty products. The Companys Surfactants segment offers products which are principal ingredients in consumer and industrial cleaning products such as detergents for washing clothes dishes carpets floors and walls as well as shampoos and body washes. The Companys Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation. The Companys Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation.