In its most recent Form 13F filing with the Securities and Exchange Commission, Distillate Capital Partners LLC disclosed that during the third quarter, it increased its shares of Eastman Chemical (NYSE: EMN) by 18.8%. (SEC).
During the relevant period, the institutional investor increased the number of shares of stock in the basic materials company that they owned by 10,394, bringing the total number of shares they owned to 65,772.
Around 0.05% of Eastman Chemical was owned by Distillate Capital Partners LLC at the end of the most recent reporting period, valued at $4,777,000.
There have also been transactions involving the company’s shares carried out by several hedge funds.
During the second quarter, Kentucky Retirement Systems achieved a 16.3 percentage point increase in the amount of Eastman Chemical stock it owned.
After purchasing an additional 1,342 shares of the basic materials company during the most recent fiscal quarter, Kentucky Retirement Systems now owns 9,565 shares of the company, which have a value of $859,000.
Advisory Services Network LLC increased the amount of Eastman Chemical stock it owns by 15.2 percent during the second quarter.
Advisory Services Network LLC is now the owner of 6,789 shares held by the basic materials company.
These shares have a value of $610,000 and were acquired by the company after purchasing an additional 894 shares during the relevant period.
Asset Dedication LLC purchased Eastman Chemical stock for 311,000 dollars during the third quarter.
During the third quarter, Clear Street Markets LLC achieved a 49.3% increase in the proportion of Eastman Chemical stock it owned.
Following the acquisition of an additional 133 shares during the most recent quarter, Clear Street Markets LLC is now the owner of 403 shares in the company specializing in primary materials.
These shares are currently worth $29,000, which is their market value.
And finally, during the second quarter, the U.S. Capital Wealth Advisors LLC increased its holdings in Eastman Chemical by 15.8 percent by purchasing additional shares of the company’s stock.
The U.S. Capital Wealth Advisors LLC now holds 17,956 shares of the basic materials company’s stock, following the acquisition of an additional 2,447 shares during the most recent quarter.
Each share of the company’s stock is currently valued at $1,612,000.
The majority of the company’s stock is owned by large financial institutions, which account for 83.42% of the total.
Several members of the community of equity research analysts have recently expressed their thoughts on the EMN stock.
Goldman Sachs Group gave Eastman Chemical a “neutral” rating in a research report published on Thursday, December 15.
Additionally, the firm raised its price objective on the stock from $79.00 to $89.00.
Both of these changes were made public.
The previous target price was 79 dollars.
The price target that Morgan Stanley has set for Eastman Chemical has been lowered from $165.00 to $115.00, as stated in a report that was made public on Wednesday, October 12.
Despite this change, the brokerage firm still assigned the company’s stock an “overweight” rating. Vertical Research downgraded Eastman Chemical from a “buy” rating to a “hold” rating and decreased their target price for the stock from $94.00 to $92.00 in a research report published on Monday, January 30.
These two changes, along with a decrease in the target price for the stock, were made in conjunction with one another.
The “buy” rating was given to Eastman Chemical by Credit Suisse Group in a research report published on Friday, January 27.
Before this, Eastman Chemical had been given an “outperform” rating.
In addition, they lifted the price target they had set for the stock from $95.00 to $100.00.
Piper Sandler rated Eastman Chemical as a “neutral” investment in a research report published on October 10.
The firm lowered its price objective on shares of Eastman Chemical from $103.00 to $90.00 and gave the company a ” neutral rating.” This brings us to the last point we will discuss.
There have been 13 equity research analysts who have assigned the stock a hold rating, while there have been seven industry experts who have assigned the stock a buy rating.
According to information provided by the website Bloomberg.com, the current consensus target price for the company is $98.78, and the average recommendation for the stock is to “Hold” the stock.
The opening price of a share of EMN stock on the NYSE was $90.20 on Monday.
A debt-to-equity ratio comes in at 0.73; a quick ratio comes in at 0.66; a current ratio comes in at 1.28; and a quick ratio comes in at 0.66. Over the past year, the price of Eastman Chemical has fluctuated widely, reaching a low of $69.91 and a high of $124.85, with a low point of $69.91 being the most common.
The stock is characterized by a market capitalization of $10.82 billion, a price-to-earnings ratio of 14.32, a price-to-growth ratio of 2.32, and a beta value of 1.46.
The stock’s simple moving average over the past 50 days is $86.33, and its simple moving average over the past 200 days is $85.49.
Eastman Chemical (NYSE: EMN) disclosed the most recent results of its financial operations on the company’s website on Friday, January 27.
The primary materials trading company reported earnings per share for the quarter of $0.89, which was $0.37 less than the average expectation of $1.26.
Eastman Chemical had a return on equity of 17.52% and a net margin of 7.50% when we last checked in on the business. However, the company could only bring in a revenue of $2.37 billion during the quarter, whereas market watchers predicted that the company would bring in $2.42 billion. When those same periods were compared, the company had total earnings per share of $1.81 during the same period the year before.
The primary materials trading company reported earnings per share for the quarter of $0.89, which was $0.37 less than the average expectation of $1.26.
Eastman Chemical had a return on equity of 17.52% and a net margin of 7.50% when we last checked in on the business. However, the company could only bring in a revenue of $2.37 billion during the quarter, whereas market watchers predicted that the company would bring in $2.42 billion. When those same periods were compared, the company had total earnings per share of $1.81 during the same period the year before. Sales at Eastman Chemical were down 11.9% when measured against the numbers for the same quarter in the prior year.
The majority opinion of professionals in the relevant field is that Eastman Chemical will report earnings per share of $7.78 in 2018.
The company just recently declared and distributed a quarterly dividend, which was paid out on January 6 of this year.
In addition, the company just recently announced and distributed a dividend. On Friday, December 16, shareholders of record on Thursday, December 15, were each awarded a dividend payment of $0.79.
The dividend payment was made on Wednesday, December 14, the month of December, and the day of the week.
This equates to an annual dividend payment of $3.16 and a yield of 3.50 percent when expressed annually.
It’s possible that we can conclude that this constitutes an increase, given that Eastman Chemical’s most recent quarterly dividend was $0.76.
At the moment, Eastman Chemical possesses a payout ratio of 50.16 percent.
One of the companies that are involved in the distribution of specialty chemicals is Eastman Chemical Company.
Additives and Functional Products, Advanced Materials, Chemical Intermediates, and Fibers are the respective names of the company’s four distinct business divisions.
The Additives and Functional Products division’s product offering consists of a wide variety of chemicals that can be used in various industries and markets, such as automotive, consumer goods, building and construction, animal nutrition, crop protection, energy, personal and home care, and others.
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