Eastman Chemical Co (NYSE:EMN) Sentiment Change Report

October 11, 2018 - By Louis Casey

Eastman Chemical Company (NYSE:EMN) Logo

Sentiment for Eastman Chemical Co (NYSE:EMN)

Eastman Chemical Co (NYSE:EMN) institutional sentiment increased to 1.14 in Q2 2018. Its up 0.22, from 0.92 in 2018Q1. The ratio increased, as 258 investment managers opened new and increased holdings, while 227 sold and decreased stakes in Eastman Chemical Co. The investment managers in our partner’s database now own: 113.52 million shares, down from 115.78 million shares in 2018Q1. Also, the number of investment managers holding Eastman Chemical Co in their top 10 holdings decreased from 6 to 3 for a decrease of 3. Sold All: 29 Reduced: 198 Increased: 180 New Position: 78.

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company has market cap of $11.87 billion. The companyÂ’s Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; sulfur and antidegradant rubber additives; performance resins and amine-derivative 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. It has a 8.42 P/E ratio. The Company’s products are used in coatings, tires, consumables, building and construction, animal nutrition, care chemical, crop protection, and energy markets.

The stock decreased 0.28% or $0.24 during the last trading session, reaching $84. About 321,359 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 11.37% since October 11, 2017 and is uptrending. It has underperformed by 4.25% the S&P500.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on October, 25. They expect $2.31 EPS, up 5.48 % or $0.12 from last year’s $2.19 per share. EMN’s profit will be $326.37M for 9.09 P/E if the $2.31 EPS becomes a reality. After $2.22 actual EPS reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts 4.05 % EPS growth.

Tide Point Capital Management Lp holds 3.36% of its portfolio in Eastman Chemical Company for 286,090 shares. Hendley & Co Inc owns 59,062 shares or 3.17% of their US portfolio. Moreover, Mrj Capital Inc has 2.67% invested in the company for 48,140 shares. The Florida-based Wilen Investment Management Corp. has invested 2.58% in the stock. Aldebaran Financial Inc., a Tennessee-based fund reported 33,466 shares.

Since January 1, 0001, it had 0 buys, and 4 insider sales for $6.37 million activity.

Eastman Chemical Company (NYSE:EMN) Ratings Coverage

Ratings analysis reveals 20% of Eastman Chemical’s analysts are positive. Out of 5 Wall Street analysts rating Eastman Chemical, 1 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $10300 while the high is $122. The stock’s average target of $110 is 30.95% above today’s ($84) share price. EMN was included in 5 notes of analysts from April 17, 2018. The firm has “Neutral” rating given on Friday, October 5 by JP Morgan. The stock has “Hold” rating by RBC Capital Markets on Tuesday, April 17. The rating was maintained by Morgan Stanley on Tuesday, July 31 with “Equal-Weight”. The firm has “Neutral” rating given on Monday, April 30 by Citigroup. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, April 30.

Another recent and important Eastman Chemical Company (NYSE:EMN) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in Arlington Asset Investment, Alexander & Baldwin, Eastman Chemical, Fiserv …” on October 08, 2018.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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