Caxton Associates LP bought a new position in shares of Eastman Chemical (NYSE:EMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,356 shares of the basic materials company’s stock, valued at approximately $903,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA grew its stake in Eastman Chemical by 9.0% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,635 shares of the basic materials company’s stock worth $120,000 after buying an additional 135 shares during the last quarter. Alpha Windward LLC grew its stake in Eastman Chemical by 2.4% during the 4th quarter. Alpha Windward LLC now owns 5,955 shares of the basic materials company’s stock worth $435,000 after buying an additional 137 shares during the last quarter. Vectors Research Management LLC grew its stake in Eastman Chemical by 21.2% during the 4th quarter. Vectors Research Management LLC now owns 851 shares of the basic materials company’s stock worth $62,000 after buying an additional 149 shares during the last quarter. Private Capital Group LLC grew its stake in Eastman Chemical by 15.3% during the 4th quarter. Private Capital Group LLC now owns 1,167 shares of the basic materials company’s stock worth $86,000 after buying an additional 155 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Eastman Chemical by 34.3% during the 4th quarter. Parallel Advisors LLC now owns 615 shares of the basic materials company’s stock worth $44,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Shares of EMN stock opened at $78.64 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.06 and a beta of 1.15. Eastman Chemical has a twelve month low of $67.40 and a twelve month high of $110.17.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.21). The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.42 billion. Eastman Chemical had a net margin of 10.64% and a return on equity of 20.15%. On average, equities analysts expect that Eastman Chemical will post 8.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a $0.62 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.15%. Eastman Chemical’s dividend payout ratio is currently 30.24%.

A number of research analysts recently issued reports on EMN shares. Zacks Investment Research upgraded Eastman Chemical from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Standpoint Research downgraded Eastman Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Stifel Nicolaus initiated coverage on Eastman Chemical in a research note on Monday, December 10th. They issued a “buy” rating and a $95.00 target price on the stock. Morgan Stanley upgraded Eastman Chemical from an “equal weight” rating to an “overweight” rating and set a $90.00 target price on the stock in a research note on Thursday, January 17th. Finally, ValuEngine downgraded Eastman Chemical from a “sell” rating to a “strong sell” rating in a research note on Friday, November 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $92.90.

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Eastman Chemical Profile

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company's Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and antidegradant rubber additives; performance resins and amine derivative-based building blocks; heat transfer and aviation fluids; formic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators.

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Institutional Ownership by Quarter for Eastman Chemical (NYSE:EMN)

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