Eastman Chemical
About: Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
Employees: 14,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
114% more call options, than puts
Call options by funds: $48.3M | Put options by funds: $22.5M
16.76% more ownership
Funds ownership: 69.34% [Q1] → 86.1% (+16.76%) [Q2]
14% more repeat investments, than reductions
Existing positions increased: 278 | Existing positions reduced: 244
9% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 75
1% more funds holding
Funds holding: 731 [Q1] → 738 (+7) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
4% less capital invested
Capital invested by funds: $10.3B [Q1] → $9.91B (-$360M) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
B of A Securities Steve Byrne 53% 1-year accuracy 10 / 19 met price target | 9%upside $119 | Neutral Downgraded | 16 Oct 2024 |
Wells Fargo Michael Sison 54% 1-year accuracy 15 / 28 met price target | 8%upside $118 | Equal-Weight Maintained | 15 Oct 2024 |
RBC Capital Arun Viswanathan 57% 1-year accuracy 34 / 60 met price target | 2%downside $107 | Sector Perform Maintained | 11 Oct 2024 |
Piper Sandler Charles Neivert 50% 1-year accuracy 15 / 30 met price target | 4%downside $105 | Neutral Maintained | 30 Jul 2024 |
RBC Capital Arun Viswanathan 57% 1-year accuracy 34 / 60 met price target | 9%downside $100 | Sector Perform Reiterated | 30 Jul 2024 |
Financial journalist opinion
Based on 4 articles about EMN published over the past 30 days