Eastman Chemical Company (EMN) Position Increased by Aperio Group LLC

Aperio Group LLC grew its position in Eastman Chemical Company (NYSE:EMN) by 6.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 93,816 shares of the basic materials company’s stock after buying an additional 5,907 shares during the period. Aperio Group LLC owned approximately 0.06% of Eastman Chemical worth $8,489,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EMN. BlackRock Inc. raised its holdings in Eastman Chemical by 6.3% in the second quarter. BlackRock Inc. now owns 12,186,134 shares of the basic materials company’s stock worth $1,023,514,000 after buying an additional 717,506 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Eastman Chemical by 249.2% during the second quarter. Parametric Portfolio Associates LLC now owns 759,967 shares of the basic materials company’s stock valued at $63,830,000 after purchasing an additional 542,349 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Eastman Chemical during the third quarter valued at approximately $42,235,000. PGGM Investments raised its holdings in shares of Eastman Chemical by 259.5% during the third quarter. PGGM Investments now owns 333,625 shares of the basic materials company’s stock valued at $30,190,000 after purchasing an additional 240,832 shares during the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of Eastman Chemical by 29.4% during the third quarter. APG Asset Management N.V. now owns 957,213 shares of the basic materials company’s stock valued at $86,618,000 after purchasing an additional 217,600 shares during the last quarter. 83.32% of the stock is owned by institutional investors and hedge funds.

EMN has been the subject of several research reports. Zacks Investment Research cut shares of Eastman Chemical from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Deutsche Bank AG upped their target price on shares of Eastman Chemical from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Nomura cut shares of Eastman Chemical from a “buy” rating to a “neutral” rating and set a $91.00 target price for the company. in a report on Tuesday, October 10th. BidaskClub cut shares of Eastman Chemical from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Instinet cut shares of Eastman Chemical from a “buy” rating to a “neutral” rating and set a $91.00 target price for the company. in a report on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Eastman Chemical has a consensus rating of “Hold” and an average price target of $96.00.

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In other Eastman Chemical news, SVP Perry Stuckey sold 5,200 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $92.12, for a total transaction of $479,024.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Renee J. Hornbaker sold 4,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $84.43, for a total transaction of $337,720.00. Following the transaction, the director now owns 21,858 shares in the company, valued at $1,845,470.94. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

Shares of Eastman Chemical Company (NYSE:EMN) opened at $90.75 on Monday. Eastman Chemical Company has a 12 month low of $73.52 and a 12 month high of $94.96. The firm has a market cap of $13,043.90, a price-to-earnings ratio of 12.08, a PEG ratio of 1.55 and a beta of 1.31. 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 (NYSE:EMN) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $2.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.16. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. Eastman Chemical had a net margin of 10.89% and a return on equity of 22.77%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 EPS. sell-side analysts expect that Eastman Chemical Company will post 7.13 EPS for the current year.

Eastman Chemical Profile

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.

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

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