1 day Ago By ABMN Staff
Russell Investments Group Ltd. lifted its position in Eastman Chemical ( NYSE:EMN – Free Report ) by 9.4% during the fourth quarter, HoldingsChannel reports.
The institutional investor owned 39,637 shares of the basic materials company’s stock after purchasing an additional 3,392 shares during the period. Russell Investments Group Ltd.’s holdings in Eastman Chemical were worth $3,619,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Eastman Chemical during the 4th quarter worth approximately $150,537,000.
Norges Bank purchased a new position in shares of Eastman Chemical during the 4th quarter valued at $137,416,000. Wealthfront Advisers LLC increased its holdings in shares of Eastman Chemical by 3,136.8% in the fourth quarter.
Wealthfront Advisers LLC now owns 736,011 shares of the basic materials company’s stock worth $67,213,000 after purchasing an additional 713,272 shares during the period. Franklin Resources Inc. raised its position in shares of Eastman Chemical by 10.
8% in the fourth quarter. Franklin Resources Inc. now owns 5,785,259 shares of the basic materials company’s stock worth $528,310,000 after buying an additional 565,821 shares in the last quarter.
Finally, Clearbridge Investments LLC boosted its stake in Eastman Chemical by 20.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,229,707 shares of the basic materials company’s stock valued at $112,297,000 after buying an additional 209,075 shares during the period.
83.65% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on the company.
Wells Fargo & Company decreased their target price on Eastman Chemical from $125.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th.
Royal Bank of Canada raised Eastman Chemical from a “sector perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Wednesday, April 9th. Citigroup raised shares of Eastman Chemical from a “neutral” rating to a “buy” rating and lowered their target price for the company from $105.
00 to $101.00 in a research note on Friday, April 4th. KeyCorp cut their price target on shares of Eastman Chemical from $128.
00 to $120.00 and set an “overweight” rating for the company in a research note on Monday. Finally, UBS Group lowered their price objective on shares of Eastman Chemical from $123.
00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company.
Based on data from MarketBeat, Eastman Chemical has an average rating of “Moderate Buy” and a consensus target price of $107.08. Eastman Chemical Price Performance EMN stock opened at $76.
89 on Thursday. The firm has a market cap of $8.86 billion, a P/E ratio of 10.
01, a P/E/G ratio of 1.22 and a beta of 1.38.
The firm’s fifty day moving average is $90.65 and its 200 day moving average is $96.63.
Eastman Chemical has a 52 week low of $70.90 and a 52 week high of $114.50.
The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.78 and a current ratio of 1.
51. Eastman Chemical ( NYSE:EMN – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.
87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.27.
Eastman Chemical had a net margin of 9.65% and a return on equity of 16.27%.
Research analysts predict that Eastman Chemical will post 8.55 earnings per share for the current year. Eastman Chemical Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, April 7th.
Shareholders of record on Friday, March 14th were paid a $0.83 dividend. The ex-dividend date was Friday, March 14th.
This represents a $3.32 dividend on an annualized basis and a yield of 4.32%.
Eastman Chemical’s dividend payout ratio (DPR) is currently 43.23%. Eastman Chemical Profile ( Free Report ) Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally.
The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids. Featured Articles Want to see what other hedge funds are holding EMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eastman Chemical ( NYSE:EMN – Free Report ).
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