BlackRock Amends Stepan Co. Stake, Updates Ownership as of Dec 31

TL;DR

**BlackRock updated its Stepan Co. stake, showing its holdings as of year-end 2023.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Stepan Company's Common Stock as of December 31, 2023. This amendment (Amendment No. 3) updates their previous disclosures regarding their stake in Stepan Company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence or concerns about the company's future performance, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's updated position in Stepan Company, which can influence market sentiment and provide insight into a major institutional investor's view of the stock.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor and does not inherently signal high risk.

Analyst Insight

Investors should monitor future BlackRock filings for Stepan Company to track any significant changes in their ownership, as large institutional movements can sometimes precede broader market trends for the stock.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Stepan Company (company) — the subject company whose common stock is being reported
• December 31, 2023 (date) — the date of the event which required the filing
• January 22, 2024 (date) — the date the SC 13G/A was filed

Forward-Looking Statements

• BlackRock will continue to be a significant institutional holder of Stepan Company stock. (BlackRock Inc.) — high confidence, target: Q1 2025

FAQ

From the Filing

0001086364-24-001056.txt : 20240122 0001086364-24-001056.hdr.sgml : 20240122 20240122155211 ACCESSION NUMBER: 0001086364-24-001056 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STEPAN CO CENTRAL INDEX KEY: 0000094049 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 361823834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34475 FILM NUMBER: 24548717 BUSINESS ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 BUSINESS PHONE: 8474467500 MAIL ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 FORMER COMPANY: FORMER CONFORMED NAME: STEPAN CHEMICAL CO /DE/ DATE OF NAME CHANGE: 19840108 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us8585861003_012224.txt us8585861003_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) STEPAN COMPANY -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 858586100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 858586100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 3440371 (6) Shared voting power 0 (7) Sole dispositive power 3498133 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 3498133 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 15.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- STEPAN COMPANY Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- EDENS & WINNETKA ROAD NORTHFIELD IL 60093 Item 2. 2(a) Name of person filing: -----------------------------------------------------------