The Eastman Chemical Company (EMN) Shares Bought by Xact Kapitalforvaltning AB

The Eastman Chemical Company (EMN) Shares Bought by Xact Kapitalforvaltning AB

A number of other institutional investors also recently bought and sold shares of the company. Park National Corp OH raised its stake in Eastman Chemical Company by 1.1% in the first quarter. Park National Corp OH now owns 3,113 shares of the basic materials company’s stock worth $251,000 after buying an additional 35 shares during the last quarter. LVW Advisors LLC raised its stake in Eastman Chemical Company by 0.7% in the fourth quarter. LVW Advisors LLC now owns 6,072 shares of the basic materials company’s stock worth $457,000 after buying an additional 41 shares during the last quarter. Holderness Investments Co. raised its stake in Eastman Chemical Company by 0.7% in the fourth quarter. Holderness Investments Co. now owns 12,683 shares of the basic materials company’s stock worth $954,000 after buying an additional 93 shares during the last quarter. Advantus Capital Management Inc raised its stake in Eastman Chemical Company by 0.7% in the third quarter. Advantus Capital Management Inc now owns 14,419 shares of the basic materials company’s stock worth $976,000 after buying an additional 103 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Eastman Chemical Company by 2.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,914 shares of the basic materials company’s stock worth $296,000 after buying an additional 104 shares during the last quarter. Institutional investors own 81.27% of the company’s stock.

Xact Kapitalforvaltning AB increased its position in Eastman Chemical Company (NYSE:EMN) by 9.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,537 shares of the basic materials company’s stock after buying an additional 994 shares during the period. Xact Kapitalforvaltning AB’s holdings in Eastman Chemical Company were worth $932,000 as of its most recent SEC filing.

Shares of Eastman Chemical Company (EMN) opened at 81.11 on Monday. Eastman Chemical Company has a 12 month low of $62.70 and a 12 month high of $82.39. The firm has a market cap of $11.83 billion, a PE ratio of 13.64 and a beta of 1.36. The stock’s 50 day moving average is $79.41 and its 200 day moving average is $78.22.

Eastman Chemical Company (NYSE:EMN) last released its earnings results on Thursday, April 27th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.09. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.24 billion. Eastman Chemical Company had a return on equity of 22.70% and a net margin of 9.61%. On average, analysts anticipate that Eastman Chemical Company will post $7.47 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, June 13th. Eastman Chemical Company’s dividend payout ratio (DPR) is currently 34.99%.

Eastman Chemical Company (NYSE:EMN) last released its earnings results on Thursday, April 27th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.09. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.24 billion. Eastman Chemical Company had a return on equity of 22.70% and a net margin of 9.61%. On average, analysts anticipate that Eastman Chemical Company will post $7.47 earnings per share for the current fiscal year. A number of equities research analysts recently issued reports on EMN shares. Zacks Investment Research raised shares of Eastman Chemical Company from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Monday, May 1st. TheStreet lowered shares of Eastman Chemical Company from a “b” rating to a “c+” rating in a report on Thursday, March 30th. Deutsche Bank AG reissued a “buy” rating and issued a $92.00 price objective on shares of Eastman Chemical Company in a report on Thursday, May 25th. Finally, Citigroup Inc reissued a “buy” rating and issued a $81.00 price objective (up previously from $79.00) on shares of Eastman Chemical Company in a report on Friday, April 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $83.18.

In other Eastman Chemical Company news, Director Lewis M. Kling sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $79.88, for a total value of $319,520.00. Following the sale, the director now owns 15,693 shares of the company’s stock, valued at approximately $1,253,556.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock. About Eastman Chemical Company

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company’s segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EMN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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