5,643 Shares in Eastman Chemical (NYSE:EMN) Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new position in Eastman Chemical (NYSE:EMN) during the third quarter, HoldingsChannel reports. The fund purchased 5,643 shares of the basic materials company’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cultivar Capital Inc. acquired a new stake in shares of Eastman Chemical in the 2nd quarter worth approximately $29,000. Wolff Wiese Magana LLC grew its holdings in Eastman Chemical by 238.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 284 shares of the basic materials company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Eastman Chemical during the 1st quarter valued at $38,000. Rothschild Investment LLC acquired a new stake in Eastman Chemical during the 2nd quarter valued at $38,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Eastman Chemical during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Trading Up 0.1 %

Shares of EMN opened at $104.99 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.71 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $12.35 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The stock’s fifty day simple moving average is $105.54 and its 200 day simple moving average is $100.89. Eastman Chemical has a twelve month low of $72.87 and a twelve month high of $114.50.

Wall Street Analyst Weigh In

A number of brokerages have commented on EMN. Deutsche Bank Aktiengesellschaft increased their target price on Eastman Chemical from $100.00 to $108.00 and gave the company a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada increased their target price on Eastman Chemical from $100.00 to $107.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Bank of America cut Eastman Chemical from a “buy” rating to a “neutral” rating and increased their target price for the company from $114.00 to $119.00 in a report on Wednesday, October 16th. Wells Fargo & Company increased their price target on Eastman Chemical from $105.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Mizuho increased their price target on Eastman Chemical from $102.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.64.

Eastman Chemical 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.