Eastman Chemical Co (NYSE: EMN) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

Stocks Info

Eastman Chemical Co is listed on the NYSE as a member of the Basic Materials sector and is a part of the Specialty Chemicals industry. The current market capitalization of Eastman Chemical Co is $11.68B. A total of 2.24 million shares were traded on the day, compared to an average of 1.16M shares.

In the most recent transaction, Costa Mark J sold 18,278 shares of EMN for 105.00 per share on Nov 29 ’24. After the transaction, the CEO & Board Chair now owns 395,699 company shares. In a previous transaction on Dec 03 ’24, Holt Adrian James sold 3,683 shares at 104.88 per share. EMN shares that SVP, Chf HR Ofcr owns now total 0.

Among the insiders who bought shares, Holt Adrian James acquired of 3,683 shares on Dec 03 ’24 at a per-share price of $104.88. In another insider transaction, LICH BRAD A sold 36,277 shares at $104.06 per share on Dec 02 ’24. Company shares held by the EVP & CCO now total 68,793.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Eastman Chemical Co pays an annual dividend of $3.26, resulting in a dividend yield of 3.23%, and it has a price to earnings (P/E) ratio of 13.12. EMN’s most recent ex-dividend date was 3.27% when it declared a $0.83 quarterly dividend that was paid in cash on 12/16/2024. Previously, the company paid the dividend on 9/16/2024 with an ex-dividend date of 3.19%. The EMN stock dividend was $0.81 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, EMN has a high of $114.50 and a low of $80.71.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EMN’s latest balance sheet shows that the firm has $459.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.16B in debt and $2.97B in liabilities at the time. Its Book Value Per Share was $48.80, while its Total Shareholder’s Equity was $5.79B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EMN is Buy with a score of 3.94.

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