Roman Butler Fullerton & Co. Grows Position in Eastman Chemical (NYSE:EMN)

Roman Butler Fullerton & Co. increased its position in shares of Eastman Chemical (NYSE:EMN) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,700 shares of the basic materials company’s stock after purchasing an additional 428 shares during the period. Roman Butler Fullerton & Co.’s holdings in Eastman Chemical were worth $252,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in shares of Eastman Chemical during the 4th quarter worth about $27,000. Dunhill Financial LLC lifted its holdings in Eastman Chemical by 94.7% during the 3rd quarter. Dunhill Financial LLC now owns 333 shares of the basic materials company’s stock valued at $37,000 after buying an additional 162 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Eastman Chemical during the 3rd quarter valued at about $38,000. Stonebridge Financial Group LLC bought a new stake in Eastman Chemical during the 4th quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Eastman Chemical by 784.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 681 shares of the basic materials company’s stock valued at $76,000 after buying an additional 604 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EMN has been the subject of a number of research analyst reports. Mizuho lifted their price objective on shares of Eastman Chemical from $113.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday, January 18th. KeyCorp lifted their price objective on shares of Eastman Chemical from $121.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Wells Fargo & Company upgraded shares of Eastman Chemical from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $125.00 in a report on Tuesday, November 26th. Finally, UBS Group reduced their price target on shares of Eastman Chemical from $124.00 to $123.00 and set a “buy” rating for the company in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.08.

Eastman Chemical Trading Down 0.6 %

NYSE EMN opened at $100.99 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The firm has a market cap of $11.71 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.24 and a beta of 1.44. The company has a 50 day moving average price of $94.26 and a 200 day moving average price of $100.15. Eastman Chemical has a 52 week low of $83.38 and a 52 week high of $114.50.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.60 by $0.27. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.40%. As a group, sell-side analysts forecast that Eastman Chemical will post 8.47 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, March 14th. Eastman Chemical’s dividend payout ratio is presently 43.23%.

Insiders Place Their Bets

In other Eastman Chemical news, EVP Stephen Glenn Crawford sold 10,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,102,920.00. Following the sale, the executive vice president now owns 47,287 shares of the company’s stock, valued at approximately $4,965,135. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Julie A. Mcalindon sold 4,456 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $105.84, for a total transaction of $471,623.04. Following the sale, the senior vice president now directly owns 4,403 shares in the company, valued at approximately $466,013.52. This represents a 50.30 % decrease in their position. The disclosure for this sale can be found here. 1.93% of the stock is owned by insiders.

Eastman Chemical Profile

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.