Vaughan David Investments LLC IL Purchases 250 Shares of Eastman Chemical (NYSE:EMN)

Vaughan David Investments LLC IL boosted its position in shares of Eastman Chemical (NYSE:EMNFree Report) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 348,839 shares of the basic materials company’s stock after purchasing an additional 250 shares during the period. Vaughan David Investments LLC IL owned about 0.29% of Eastman Chemical worth $31,333,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Eastman Chemical by 2.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,261 shares of the basic materials company’s stock valued at $1,934,000 after acquiring an additional 386 shares in the last quarter. Yousif Capital Management LLC increased its position in Eastman Chemical by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 18,628 shares of the basic materials company’s stock valued at $2,087,000 after acquiring an additional 150 shares in the last quarter. Cibc World Market Inc. increased its position in Eastman Chemical by 10.4% in the 1st quarter. Cibc World Market Inc. now owns 6,098 shares of the basic materials company’s stock valued at $683,000 after acquiring an additional 572 shares in the last quarter. Blair William & Co. IL increased its position in Eastman Chemical by 2.5% in the 1st quarter. Blair William & Co. IL now owns 4,380 shares of the basic materials company’s stock valued at $491,000 after acquiring an additional 105 shares in the last quarter. Finally, Sei Investments Co. increased its position in Eastman Chemical by 16.4% in the 1st quarter. Sei Investments Co. now owns 200,656 shares of the basic materials company’s stock valued at $22,546,000 after acquiring an additional 28,338 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Trading Down 2.0 %

Shares of NYSE:EMN traded down $2.04 during mid-day trading on Friday, reaching $97.98. 841,639 shares of the company’s stock were exchanged, compared to its average volume of 1,106,716. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.11 and a beta of 1.54. The business’s fifty day moving average price is $91.34 and its 200-day moving average price is $84.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.70 and a current ratio of 1.35. Eastman Chemical has a twelve month low of $68.89 and a twelve month high of $102.71.

Eastman Chemical (NYSE:EMNGet Free Report) last announced its earnings results on Friday, February 2nd. The basic materials company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.03. Eastman Chemical had a net margin of 9.71% and a return on equity of 14.15%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $0.89 earnings per share. Eastman Chemical’s quarterly revenue was down 7.0% on a year-over-year basis. On average, research analysts predict that Eastman Chemical will post 7.7 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 14th. Eastman Chemical’s dividend payout ratio (DPR) is currently 43.26%.

Insider Buying and Selling at Eastman Chemical

In other Eastman Chemical news, SVP Adrian James Holt sold 4,735 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $87.75, for a total transaction of $415,496.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EMN. UBS Group lifted their price target on shares of Eastman Chemical from $91.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. KeyCorp lifted their price target on shares of Eastman Chemical from $101.00 to $121.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of Eastman Chemical from $91.00 to $89.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 6th. Wells Fargo & Company lifted their price target on shares of Eastman Chemical from $89.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Citigroup boosted their price objective on shares of Eastman Chemical from $95.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Eastman Chemical has a consensus rating of “Moderate Buy” and an average target price of $97.13.

Check Out Our Latest Stock Analysis on EMN

Eastman Chemical Company 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.

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

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