WBH Advisory Inc. Has $317,000 Stock Position in Eastman Chemical (NYSE:EMN)

WBH Advisory Inc. trimmed its position in Eastman Chemical (NYSE:EMN) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,476 shares of the basic materials company’s stock after selling 225 shares during the quarter. WBH Advisory Inc.’s holdings in Eastman Chemical were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EMN. Exchange Traded Concepts LLC lifted its stake in shares of Eastman Chemical by 784.4% in the third quarter. Exchange Traded Concepts LLC now owns 681 shares of the basic materials company’s stock worth $76,000 after buying an additional 604 shares during the last quarter. Bleakley Financial Group LLC bought a new position in Eastman Chemical during the third quarter worth $217,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Eastman Chemical by 4.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,967 shares of the basic materials company’s stock worth $1,340,000 after acquiring an additional 498 shares during the period. V Square Quantitative Management LLC increased its position in Eastman Chemical by 3.8% during the third quarter. V Square Quantitative Management LLC now owns 2,683 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 98 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new position in Eastman Chemical during the third quarter worth $220,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Down 0.6 %

Shares of NYSE:EMN opened at $100.99 on Tuesday. Eastman Chemical has a 52 week low of $83.38 and a 52 week high of $114.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.52. The company’s fifty day moving average is $94.27 and its 200-day moving average is $100.12. The company has a market capitalization of $11.71 billion, a PE ratio of 13.15, a P/E/G ratio of 1.24 and a beta of 1.44.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.60 by $0.27. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.40%. Equities research analysts predict that Eastman Chemical will post 8.47 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, March 14th. This represents a $3.32 annualized dividend and a yield of 3.29%. Eastman Chemical’s dividend payout ratio (DPR) is 43.23%.

Insider Buying and Selling

In other Eastman Chemical news, EVP Stephen Glenn Crawford sold 10,504 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $105.00, for a total transaction of $1,102,920.00. Following the transaction, the executive vice president now directly owns 47,287 shares in the company, valued at approximately $4,965,135. This represents a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Mcalindon sold 4,456 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $105.84, for a total transaction of $471,623.04. Following the transaction, the senior vice president now owns 4,403 shares in the company, valued at approximately $466,013.52. The trade was a 50.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EMN has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Eastman Chemical from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. UBS Group dropped their target price on shares of Eastman Chemical from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Barclays dropped their target price on shares of Eastman Chemical from $111.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. StockNews.com raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th. Finally, Mizuho boosted their price target on shares of Eastman Chemical from $113.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.08.

Eastman Chemical Company Profile

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.