Economy

Eastman Chemical Company (NYSE:EMN) Stake Raised by Jensen Investment Management Inc

Eastman Chemical Company (NYSE:EMN) Stake Raised by Jensen Investment Management Inc”

The Public Employees Retirement Association Of Colorado holds 1.23 million shares with $113.12 million value, up from 1.12 million last quarter. Eastman Chem Co now has $12.40 billion valuation. The stock declined 0.23% or $0.07 reaching $32.28 on the news. Balyasny Asset Mngmt Ltd Company owns 232,752 shares or 0.09% of their United States portfolio. It has underperformed by 9.10% the S&P500. Sg Americas Ltd Liability Corp reported 0.09% stake. Sumitomo Mitsui Asset Limited reported 11,470 shares. During the same period past year, the company posted $1.68 EPS. Colgate Palmolive Co now has $63.54 billion valuation. It is down 7.60% since September 13, 2016 and is uptrending. It has underperformed by 38.11% the S&P500. Jefferies Group LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Eastman Chemical in a research report on Wednesday, July 5th. Therefore 57% are positive. Eastman Chemical Company had 39 analyst reports since July 30, 2015 according to SRatingsIntel.

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The stock has "Buy" rating by Citigroup on Tuesday, January 5. The stock has "Hold" rating by RBC Capital Markets on Wednesday, July 19. The firm has "Outperform" rating by RBC Capital Markets given on Monday, November 2. The company was downgraded on Friday, January 29 by Needham. As per Thursday, September 3, the company rating was maintained by Deutsche Bank. The company was maintained on Friday, May 26 by Deutsche Bank. The stock of Eastman Chemical Company (NYSE:EMN) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, August 2.

Since May 31, 2017, it had 0 insider purchases, and 1 sale for $319,520 activity. 4,000 shares were sold by KLING LEWIS M, worth $319,520 on Wednesday, May 31. Ajo Limited Partnership reported 0.01% of its portfolio in Eastman Chemical Company (NYSE:EMN). This could be a useful tool for investors to compare between two or more companies that are operating in the same industry and compare which company is overvalued and which company is undervalued. As of September 12, 2017, EMN's one-year forward price-to-earnings multiple stands at 10.85x, while peer LyondellBasell's (LYB) one-year forward PE multiple stands at 10.15x. After $1.98 actual EPS reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts 2.53% EPS growth.

Jane Street Group Llc increased Petroleo Brasileiro Sa Petro (NYSE:PBR) stake by 625,014 shares to 720,814 valued at $7.29M in 2016Q4. It also upped Post Hldgs Inc (NYSE:POST) stake by 70,000 shares and now owns 250,000 shares. Berry Plastics Group Inc (NYSE:BERY) was raised too.

Investors sentiment decreased to 1.14 in Q4 2016. They expect $2.03 EPS, up 9.14% or $0.17 from last year's $1.86 per share. It worsened, as 35 investors sold Eastman Chemical Company shares while 172 reduced holdings. Strs Ohio raised its position in shares of Eastman Chemical by 10.0% in the 1st quarter. The legal version of this report can be read at https://stocknewstimes.com/2017/09/14/gareth-morgan-investments-limited-partnership-acquires-shares-of-14445-eastman-chemical-company-emn.html. Following the sale, the director now owns 21,858 shares of the company's stock, valued at $1,845,470.94. Finally, KeyCorp reiterated a "buy" rating and set a $100.00 price objective on shares of Eastman Chemical in a research report on Thursday, August 24th. The fund owned 268,492 shares of the basic materials company's stock after acquiring an additional 4,932 shares during the quarter. Ftb Advisors stated it has 1,143 shares. Eastman Chemical Company has a 52 week low of $62.70 and a 52 week high of $87.54. Wells Fargo & Mn holds 808,532 shares. 10,183 are owned by Shell Asset Mngmt Commerce. Atwood Palmer reported 0.01% stake. Yorktown Mngmt & Rech Communications invested in 0.26% or 13,500 shares.

Shares of Eastman Chemical Company (EMN) traded up 0.01% on Thursday, reaching $85.10. Cypress Asset Tx invested in 0.3% or 20,564 shares. Meeder Asset invested 0.02% in Eastman Chemical Company (NYSE:EMN). Bluestein R H & accumulated 4,000 shares. Commonwealth Equity reported 14,372 shares. Zacks Investment Research downgraded Eastman Chemical from a "buy" rating to a "hold" rating in a research report on Monday, May 29th. Therefore 14% are positive. BidaskClub upgraded Eastman Chemical from a "hold" rating to a "buy" rating in a research report on Thursday, June 15th. The stock has "Equal Weight" rating by Barclays Capital on Monday, January 30. Jefferies maintained Colgate-Palmolive Company (NYSE:CL) rating on Tuesday, August 22. RBC Capital Markets has "Hold" rating and $8500 target. On Monday, May 2 the stock rating was maintained by Deutsche Bank with "Buy". (NASDAQ:NTCT) earned "Hold" rating by RBC Capital Markets on Thursday, July 27. The stock has "Overweight" rating by Atlantic Securities on Wednesday, January 6. Its up 0.08, from 0.82 in 2016Q3.

Several other hedge funds and other institutional investors have also modified their holdings of EMN. 23 funds opened positions while 50 raised stakes. Ameriprise reported 2.26M shares or 0.09% of all its holdings. Credit Suisse Ag holds 90,711 shares or 0% of its portfolio. Tower Bridge has 146,296 shares. Holderness accumulated 12,683 shares. Advantus Capital has 14,596 shares for 0.03% of their portfolio. Epoch Investment Incorporated holds 1.53 million shares. Woodstock Corporation reported 37,628 shares. The company's stock had a trading volume of 878,758 shares. Brinker Capital stated it has 0.15% in Colgate-Palmolive Company (NYSE:CL).

A number of research analysts have recently commented on the company. 4,840 were accumulated by Caprock Group Inc. Pinnacle Assocs holds 0.02% in Eastman Chemical Company (NYSE:EMN) or 14,277 shares. Ngam Advisors LP reported 83,951 shares or 0.08% of all its holdings.

Since May 8, 2017, it had 0 buys, and 6 sales for $5.64 million activity. DOWNING JOHN sold $34,600 worth of stock. (NASDAQ:NTCT) for 2.91M shares. DEMARINES VICTOR sold 5,400 shares worth $193,727. The insider Marsili Daniel B sold 14,000 shares worth $1.06 million.



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