Eastman Chemical (NYSE:EMN) insider Damon Cary Warmack sold 2,710 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $102.22, for a total value of $277,016.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Damon Cary Warmack also recently made the following trade(s):
- On Wednesday, February 7th, Damon Cary Warmack sold 4,417 shares of Eastman Chemical stock. The shares were sold at an average price of $98.60, for a total value of $435,516.20.
Shares of Eastman Chemical (NYSE EMN) opened at $101.08 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.83 and a debt-to-equity ratio of 1.24. Eastman Chemical has a 1-year low of $76.02 and a 1-year high of $104.46. The company has a market capitalization of $14,630.33, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 15th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, March 14th. Eastman Chemical’s dividend payout ratio (DPR) is 22.13%.
Several equities analysts have recently issued reports on EMN shares. Zacks Investment Research raised Eastman Chemical from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Tuesday, January 9th. KeyCorp restated a “buy” rating and set a $118.00 price target (up from $108.00) on shares of Eastman Chemical in a research report on Monday, January 8th. Barclays lifted their price target on Eastman Chemical from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Monday, February 5th. SunTrust Banks lifted their price target on Eastman Chemical to $105.00 and gave the company a “hold” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. Finally, Tudor Pickering began coverage on Eastman Chemical in a research report on Tuesday, November 14th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.60.
A number of institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in Eastman Chemical by 3.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,330 shares of the basic materials company’s stock worth $1,605,000 after acquiring an additional 534 shares in the last quarter. US Bancorp DE boosted its holdings in Eastman Chemical by 1.1% in the fourth quarter. US Bancorp DE now owns 50,472 shares of the basic materials company’s stock worth $4,675,000 after acquiring an additional 551 shares in the last quarter. Psagot Investment House Ltd. lifted its holdings in shares of Eastman Chemical by 60.0% during the third quarter. Psagot Investment House Ltd. now owns 1,600 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 600 shares in the last quarter. Intrust Bank NA lifted its holdings in shares of Eastman Chemical by 15.0% during the third quarter. Intrust Bank NA now owns 4,764 shares of the basic materials company’s stock valued at $431,000 after purchasing an additional 623 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its holdings in shares of Eastman Chemical by 18.0% during the fourth quarter. Resources Investment Advisors Inc. now owns 4,350 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 663 shares in the last quarter. 84.90% of the stock is currently owned by institutional investors and hedge funds.
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About Eastman Chemical
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.
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