Vanguard Maintains 12.6% Stake in Stepan Co. as of Dec 29, 2023

TL;DR

**Vanguard still owns 12.6% of Stepan Co., showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Stepan Co. As of December 29, 2023, Vanguard holds 2,909,699 shares of Stepan Co. Common Stock, representing 12.6% of the company's outstanding shares. This filing indicates Vanguard's continued significant passive investment in Stepan Co., reinforcing its position as a substantial institutional shareholder.

Why It Matters

This filing shows that a major institutional investor like Vanguard continues to hold a significant portion of Stepan Co. stock, which can signal confidence in the company's long-term prospects to other investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.

Analyst Insight

Investors should note that a major institutional investor like Vanguard continues to hold a substantial, passive stake in Stepan Co., suggesting long-term confidence without indicating any active management changes or takeover intentions.

Key Numbers

• 2,909,699 — Shares Owned (The total number of Stepan Co. Common Stock shares beneficially owned by The Vanguard Group.)
• 12.6% — Ownership Percentage (The percentage of Stepan Co.'s Common Stock outstanding that The Vanguard Group beneficially owns.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and a major investment firm
• Stepan Co. (company) — the issuer of the securities
• 2,909,699 (dollar_amount) — number of shares of Common Stock beneficially owned by Vanguard
• 12.6% (dollar_amount) — percentage of Stepan Co. Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Stepan Co. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

From the Filing

0001104659-24-022012.txt : 20240213 0001104659-24-022012.hdr.sgml : 20240213 20240213171406 ACCESSION NUMBER: 0001104659-24-022012 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629595 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01995-stepanco.htm SCHEDULE 13G/A stepanco SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  Stepan Co Title of Class of Securities:  Common Stock CUSIP Number:  858586100 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  858586100 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 17,017 7.  SOLE DISPOSITIVE POWER 2,523,067 8.  SHARED DISPOSITIVE POWER 39,663 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,562,730 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.46% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Stepan Co Item 1(b) - Address of Issuer's Principal Executive Offices: 1101 Skokie Boulevard, Suite 500 Northbrook, IL 60062 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d