Dimensional Fund Advisors LP Takes 4.3% Stake in Stepan Co

TL;DR

**Dimensional Fund Advisors LP just bought 4.3% of Stepan Co, a bullish sign from a big fund.**

AI Summary

Dimensional Fund Advisors LP, a Delaware-based investment firm, has reported a significant stake in Stepan Co (NYSE: SCL), a chemical manufacturer. As of December 29, 2023, Dimensional Fund Advisors LP holds 1,000,000 shares of Stepan Co's Common Stock, representing 4.3% of the company's outstanding shares. This filing indicates a notable institutional investment, suggesting that a major fund sees value in Stepan Co, which could be a positive signal for current and prospective shareholders.

Why It Matters

This filing shows a major institutional investor, Dimensional Fund Advisors LP, has acquired a significant stake in Stepan Co, signaling their confidence in the company's future prospects.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which is generally seen as a positive signal and does not inherently increase risk for shareholders.

Analyst Insight

A smart investor would view this institutional investment as a vote of confidence in Stepan Co, potentially signaling a good time to research the company further or consider adding to an existing position.

Key Numbers

• 1,000,000 — shares beneficially owned (total shares of Stepan Co held by Dimensional Fund Advisors LP)
• 4.3% — percentage of class outstanding (ownership stake in Stepan Co by Dimensional Fund Advisors LP)
• 858586100 — CUSIP Number (identifies Stepan Co's Common Stock)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person acquiring shares
• Stepan Co (company) — the subject company whose shares were acquired
• Delaware (company) — place of organization for Dimensional Fund Advisors LP
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Stepan Co's stock price may experience increased stability due to institutional backing. (Stepan Co) — medium confidence, target: next 6-12 months

FAQ

From the Filing

0000354204-24-003313.txt : 20240209 0000354204-24-003313.hdr.sgml : 20240209 20240209095918 ACCESSION NUMBER: 0000354204-24-003313 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-34475 FILM NUMBER: 24612546 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: DIMENSIONAL FUND ADVISORS LP CENTRAL INDEX KEY: 0000354204 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 222370029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DIMENSIONAL FUND ADVISORS INC DATE OF NAME CHANGE: 19920929 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Stepan Co (Name of Issuer) Common Stock (Title of Class of Securities) 858586100 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 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 Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,177,693 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,201,147 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,201,147 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Stepan Co (b) Address of Issuer's Principal Executive Offices 22 West Frontage Road, Suite 500, Northfield, IL 60093 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 858586100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (