Eastman Chemical Company (EMN) Is At $103.02 Formed Wedge; Newell Rubbermaid (NWL)’s Sentiment Is 0.94

Newell Brands Inc. (NYSE:NWL) Logo

Eastman Chemical Company (EMN) formed wedge up with $109.20 target or 6.00% above today’s $103.02 share price. Eastman Chemical Company (EMN) has $14.71 billion valuation. The stock decreased 1.12% or $1.17 during the last trading session, reaching $103.02. About 1.24M shares traded or 23.09% up from the average. Eastman Chemical Company (NYSE:EMN) has risen 33.38% since June 21, 2017 and is uptrending. It has outperformed by 20.81% the S&P500. Some Historical EMN News: ; 08/05/2018 – Brad Lich to address the Goldman Sachs Basic Materials Conference; 09/05/2018 – Eastman Chemical: New Expansion to Be Complete in 3Q; 27/04/2018 – EASTMAN SEES 1H EPS ‘MODESTLY HIGHER’ THAN 2H; 09/05/2018 – EASTMAN CHEMICAL – ADDITIONAL PLANNED EXPANSION OF COPOLYESTER PRODUCTION TO BE ADDED AT KINGSPORT SITE; 16/05/2018 – Kara Eastman declares victory in the Democratic primary in Nebraska’s 2nd Congressional District after running to the left of former Rep. Brad Ashford; 12/04/2018 – Eastman Chemical at Wells Fargo Industrials Conference May 8; 04/04/2018 – Eastman Chemical CDS Widens 6 Bps, Most in 6 Months; 27/04/2018 – EASTMAN EARNINGS CALL CONCLUDES; 16/05/2018 – Republicans hope Eastman sits too far to the ideological left to beat incumbent GOP Rep. Don Bacon in the swing district; 09/05/2018 – REG-Eastman Completes Tritan Copolyester Expansion and Announces Additional Increase to Copolyester Capacity

Newell Rubbermaid Inc (NWL) investors sentiment increased to 0.94 in Q1 2018. It’s up 0.22, from 0.72 in 2017Q4. The ratio is better, as 249 institutional investors started new and increased equity positions, while 264 sold and trimmed equity positions in Newell Rubbermaid Inc. The institutional investors in our database now hold: 456.01 million shares, up from 431.52 million shares in 2017Q4. Also, the number of institutional investors holding Newell Rubbermaid Inc in top ten equity positions increased from 0 to 6 for an increase of 6. Sold All: 81 Reduced: 183 Increased: 151 New Position: 98.

Investors sentiment decreased to 0.92 in Q1 2018. Its down 0.25, from 1.17 in 2017Q4. It is negative, as 45 investors sold Eastman Chemical Company shares while 212 reduced holdings. 71 funds opened positions while 166 raised stakes. 115.78 million shares or 0.82% less from 116.74 million shares in 2017Q4 were reported. Utd Services Automobile Association reported 66,596 shares. 37,650 are held by Pinebridge Invests L P. Commonwealth Of Pennsylvania School Empls Retrmt reported 0.02% of its portfolio in Eastman Chemical Company (NYSE:EMN). State Common Retirement Fund invested 0.05% in Eastman Chemical Company (NYSE:EMN). Denver Advsr Limited Company holds 0.1% of its portfolio in Eastman Chemical Company (NYSE:EMN) for 18,441 shares. Moreover, Tide Point Ltd Partnership has 3.47% invested in Eastman Chemical Company (NYSE:EMN) for 429,487 shares. Commerzbank Aktiengesellschaft Fi owns 10,136 shares or 0.01% of their US portfolio. Butensky And Cohen Security Inc invested in 1.92% or 20,757 shares. Natixis owns 0.03% invested in Eastman Chemical Company (NYSE:EMN) for 41,278 shares. Hendley And Incorporated accumulated 59,090 shares or 3.3% of the stock. Meiji Yasuda Life stated it has 0.23% in Eastman Chemical Company (NYSE:EMN). Gateway Advisers Limited Liability Corp holds 0.2% or 212,649 shares. Moors & Cabot Inc stated it has 0.09% of its portfolio in Eastman Chemical Company (NYSE:EMN). Utah Retirement reported 26,712 shares. National Bank & Trust Of The West accumulated 21,099 shares.

Among 17 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Eastman Chemical Company had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Wednesday, July 12. The stock of Eastman Chemical Company (NYSE:EMN) has “Neutral” rating given on Wednesday, September 7 by Citigroup. The stock has “Underperform” rating by Credit Agricole on Monday, May 2. The firm earned “Overweight” rating on Monday, October 30 by JP Morgan. Deutsche Bank maintained the stock with “Buy” rating in Monday, May 2 report. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by Wells Fargo on Monday, October 30. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 2. The rating was maintained by Deutsche Bank with “Buy” on Friday, May 26. The stock has “Buy” rating by Goldman Sachs on Thursday, September 28. The stock of Eastman Chemical Company (NYSE:EMN) earned “Overweight” rating by KeyBanc Capital Markets on Monday, April 30.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on July, 26. They expect $2.21 earnings per share, up 11.62% or $0.23 from last year’s $1.98 per share. EMN’s profit will be $315.50M for 11.65 P/E if the $2.21 EPS becomes a reality. After $2.23 actual earnings per share reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Since February 7, 2018, it had 0 buys, and 11 sales for $12.84 million activity. LICH BRAD A sold $2.62 million worth of stock. 2,710 Eastman Chemical Company (NYSE:EMN) shares with value of $277,016 were sold by WARMACK DAMON CARY. COX MARK K sold $1.38 million worth of stock. BOLDEA LUCIAN sold $315,875 worth of stock. Shares for $406,360 were sold by RAISBECK DAVID W on Thursday, February 22. Golden David A. also sold $906,268 worth of Eastman Chemical Company (NYSE:EMN) shares. ESPELAND CURTIS E sold $4.70 million worth of stock or 47,000 shares.

Newell Brands Inc. designs, sources, and distributes consumer and commercial products worldwide. The company has market cap of $12.77 billion. The firm offers markers and highlighters, pens, and pencils; art products; activity adhesive and cutting products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Prismacolor, Mr.Sketch, Elmer's, X-Acto, Parker, Waterman, and Dymo Office brands. It has a 5.93 P/E ratio. It also provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, and cutlery products; and hair care accessories under the Rubbermaid, Contigo, bubba, Calphalon, and Goody brands; and home fragrance products under the WoodWick Candle brand.

Since January 1, 0001, it had 2 buys, and 0 insider sales for $132,790 activity.

Analysts await Newell Brands Inc. (NYSE:NWL) to report earnings on August, 3. They expect $0.78 earnings per share, down 10.34% or $0.09 from last year’s $0.87 per share. NWL’s profit will be $378.85 million for 8.43 P/E if the $0.78 EPS becomes a reality. After $0.34 actual earnings per share reported by Newell Brands Inc. for the previous quarter, Wall Street now forecasts 129.41% EPS growth.

More notable recent Newell Brands Inc. (NYSE:NWL) news were published by: Seekingalpha.com which released: “Buy Newell’s Equity, Not The Debt” on June 14, 2018, also Globenewswire.com with their article: “Jostens Helps 2018 Graduates Celebrate with Customized and Sustainable Regalia” published on June 19, 2018, Seekingalpha.com published: “Newell Brands Can Deliver 60% Upside” on June 11, 2018. More interesting news about Newell Brands Inc. (NYSE:NWL) were released by: Gurufocus.com and their article: “Newell Brands Will Be a Successful Turnaround Position” published on June 20, 2018 as well as Investorplace.com‘s news article titled: “Trade of the Day: Newell Brands Inc. (NWL)” with publication date: June 05, 2018.

The stock increased 0.15% or $0.04 during the last trading session, reaching $26.3. About 4.09M shares traded. Newell Brands Inc. (NWL) has declined 52.59% since June 21, 2017 and is downtrending. It has underperformed by 65.16% the S&P500. Some Historical NWL News: ; 08/03/2018 – KEVIN CONROY IS SAID TO RESIGN FROM BOARD OF NEWELL BRANDS; 09/03/2018 – Starboard Issues Letter to Newell Hldrs; 27/03/2018 – Newell Brands Sends Letter to Starboard; 20/03/2018 – Starboard says four of its Newell Brands board nominees withdraw; 04/05/2018 – NEWELL BRANDS INC – EXPECTS TRANSACTION TO RESULT IN AFTER-TAX PROCEEDS OF APPROXIMATELY $2.2 BLN; 16/03/2018 – Icahn, with 6 percent of Newell Brands shares, hasn’t decided which side he’s on; 09/03/2018 – STARBOARD REITERATES NWL DISAPPROVAL,CITES DIRECTOR RESIGNATION; 12/03/2018 – Former Newell Director Indicates Support For Starboard’s Efforts In Public Statement; 04/05/2018 – Newell Brands to Divest Itself of Non-Core Businesses Representing About 35% of Sales; 04/05/2018 – Newell Brands: Novolex Holdings is Backed by Carlyle Group

Starboard Value Lp holds 10.39% of its portfolio in Newell Brands Inc. for 18.58 million shares. Valueworks Llc owns 234,592 shares or 4.56% of their US portfolio. Moreover, Glenview Capital Management Llc has 3.87% invested in the company for 25.97 million shares. The New York-based Icahn Carl C has invested 3.83% in the stock. Proxima Capital Management Llc, a New York-based fund reported 265,000 shares.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart