Eastman Chemical Company (NYSE:EMN) SVP Perry Stuckey sold 5,200 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $92.12, for a total transaction of $479,024.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Eastman Chemical Company (NYSE:EMN) traded up 0.15% during trading on Wednesday, reaching $90.95. 540,200 shares of the company’s stock traded hands. Eastman Chemical Company has a 52-week low of $69.34 and a 52-week high of $94.96. The company’s 50 day moving average is $88.59 and its 200-day moving average is $84.15. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 14.60 and a beta of 1.27.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.16. Eastman Chemical had a net margin of 10.89% and a return on equity of 23.20%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that Eastman Chemical Company will post $7.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, September 14th. Eastman Chemical’s payout ratio is 29.23%.

COPYRIGHT VIOLATION NOTICE: “Eastman Chemical Company (EMN) SVP Perry Stuckey Sells 5,200 Shares” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/01/eastman-chemical-company-emn-svp-perry-stuckey-sells-5200-shares.html.

A number of equities analysts recently commented on EMN shares. Zacks Investment Research raised shares of Eastman Chemical from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. UBS AG raised their price target on shares of Eastman Chemical from $97.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. BidaskClub lowered shares of Eastman Chemical from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. KeyCorp reaffirmed a “buy” rating and set a $108.00 price target (up from $100.00) on shares of Eastman Chemical in a research report on Monday. Finally, Deutsche Bank AG raised their price target on shares of Eastman Chemical from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Eastman Chemical has an average rating of “Hold” and a consensus price target of $96.00.

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Eastman Chemical by 149.9% in the second quarter. Advisors Asset Management Inc. now owns 1,377 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 826 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Eastman Chemical by 1,500.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 1,500 shares during the last quarter. M&R Capital Management Inc. increased its position in shares of Eastman Chemical by 62.9% in the second quarter. M&R Capital Management Inc. now owns 1,812 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 700 shares during the last quarter. Fiduciary Trust Co. bought a new position in shares of Eastman Chemical in the second quarter worth approximately $160,000. Finally, Advisory Services Network LLC increased its position in shares of Eastman Chemical by 105.3% in the second quarter. Advisory Services Network LLC now owns 2,203 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 1,130 shares during the last quarter. 82.76% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Company 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.

Insider Buying and Selling by Quarter for Eastman Chemical (NYSE:EMN)

Receive News & Ratings for Eastman Chemical Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastman Chemical Company and related companies with MarketBeat.com's FREE daily email newsletter.