Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Eastman Chemical (NYSE:EMN) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,995 shares of the basic materials company’s stock after selling 6,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Eastman Chemical were worth $3,890,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC increased its holdings in shares of Eastman Chemical by 106.7% in the 3rd quarter. Private Advisor Group LLC now owns 8,697 shares of the basic materials company’s stock valued at $783,000 after purchasing an additional 4,490 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Eastman Chemical by 3.3% in the 3rd quarter. Toronto Dominion Bank now owns 175,495 shares of the basic materials company’s stock valued at $15,878,000 after purchasing an additional 5,612 shares in the last quarter. Tredje AP fonden increased its holdings in shares of Eastman Chemical by 95.0% in the 3rd quarter. Tredje AP fonden now owns 13,611 shares of the basic materials company’s stock valued at $1,237,000 after purchasing an additional 6,630 shares in the last quarter. Ifrah Financial Services Inc. increased its holdings in shares of Eastman Chemical by 19.8% in the 4th quarter. Ifrah Financial Services Inc. now owns 4,984 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 823 shares in the last quarter. Finally, HAP Trading LLC increased its holdings in shares of Eastman Chemical by 23.6% in the 3rd quarter. HAP Trading LLC now owns 88,966 shares of the basic materials company’s stock valued at $8,051,000 after purchasing an additional 16,983 shares in the last quarter. Institutional investors own 85.59% of the company’s stock.
In other Eastman Chemical news, CAO Scott V. King sold 9,883 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $100.82, for a total transaction of $996,404.06. Following the sale, the chief accounting officer now directly owns 19,781 shares of the company’s stock, valued at approximately $1,994,320.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Damon Cary Warmack sold 2,710 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $102.22, for a total transaction of $277,016.20. The disclosure for this sale can be found here. Insiders have sold a total of 134,335 shares of company stock valued at $13,334,831 over the last 90 days. 1.14% of the stock is currently owned by insiders.
Eastman Chemical (NYSE:EMN) opened at $110.84 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 0.82 and a debt-to-equity ratio of 1.12. Eastman Chemical has a twelve month low of $76.02 and a twelve month high of $111.16. The firm has a market cap of $15,624.83, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25.
Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, February 1st. The basic materials company reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.56. Eastman Chemical had a net margin of 15.44% and a return on equity of 22.02%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm posted $1.51 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. equities research analysts anticipate that Eastman Chemical will post 8.53 earnings per share for the current fiscal year.
The firm 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 dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.24 annualized dividend and a yield of 2.02%. Eastman Chemical’s dividend payout ratio (DPR) is currently 22.13%.
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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.
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