Trustmark National Bank Trust Department Has Lifted Its Home Depot (HD) Stake; Eastman Chemical Company (EMN) Shorts Up By 24.46%

June 19, 2017 - By Hazel Jackson

Trustmark National Bank Trust Department increased Home Depot Inc (HD) stake by 20.22% reported in 2016Q4 SEC filing. Trustmark National Bank Trust Department acquired 2,460 shares as Home Depot Inc (HD)’s stock rose 9.30%. The Trustmark National Bank Trust Department holds 14,629 shares with $1.96 million value, up from 12,169 last quarter. Home Depot Inc now has $189.51 billion valuation. The stock rose 1.28% or $2 reaching $158.64 per share. About 2.71 million shares traded. Home Depot Inc (NYSE:HD) has risen 18.65% since June 19, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.

Eastman Chemical Company (NYSE:EMN) had an increase of 24.46% in short interest. EMN’s SI was 4.07 million shares in June as released by FINRA. Its up 24.46% from 3.27 million shares previously. With 1.14M avg volume, 4 days are for Eastman Chemical Company (NYSE:EMN)’s short sellers to cover EMN’s short positions. About 1.74 million shares traded or 39.20% up from the average. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since June 19, 2016 and is uptrending. It has underperformed by 9.10% the S&P500.

Investors sentiment increased to 1.29 in Q4 2016. Its up 0.22, from 1.07 in 2016Q3. It improved, as 35 investors sold Eastman Chemical Company shares while 172 reduced holdings. 78 funds opened positions while 188 raised stakes. 117.35 million shares or 0.81% less from 118.31 million shares in 2016Q3 were reported. Northern Tru stated it has 0.04% in Eastman Chemical Company (NYSE:EMN). Cibc Asset has 15,088 shares for 0.01% of their portfolio. State Teachers Retirement holds 0.06% or 295,987 shares. Geode Mgmt Ltd accumulated 0.05% or 1.51M shares. Loomis Sayles And Lp holds 2,204 shares. The Pennsylvania-based Janney Montgomery Scott Limited Liability Corp has invested 0.06% in Eastman Chemical Company (NYSE:EMN). North Star Invest Management Corporation reported 100 shares stake. Vnbtrust National Association invested 0.11% in Eastman Chemical Company (NYSE:EMN). Burney has invested 0.76% in Eastman Chemical Company (NYSE:EMN). Camarda Financial Limited Liability Company, Florida-based fund reported 25 shares. Ls Advisors Lc holds 3,503 shares or 0.02% of its portfolio. Ontario Teachers Pension Plan Board accumulated 46,370 shares. Clinton Gp Inc, a New York-based fund reported 20,775 shares. Gateway Inv Advisers Limited Liability Company invested in 242,774 shares or 0.17% of the stock. Thompson Davis Communication Inc reported 0.02% in Eastman Chemical Company (NYSE:EMN).

Eastman Chemical Company is an advanced materials and specialty additives company. The company has market cap of $12.65 billion. The Company’s divisions include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. It has a 14.45 P/E ratio. In the AFP segment, it makes chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets.

Since February 1, 2017, it had 0 insider buys, and 10 insider sales for $6.11 million activity. King Scott V. also sold $636,460 worth of Eastman Chemical Company (NYSE:EMN) on Tuesday, February 28. HERNANDEZ ROBERT M sold $622,000 worth of Eastman Chemical Company (NYSE:EMN) on Wednesday, February 1. CRAWFORD STEPHEN GLENN sold $306,774 worth of stock or 3,800 shares. 4,000 shares were sold by KLING LEWIS M, worth $319,520. $316,720 worth of Eastman Chemical Company (NYSE:EMN) was sold by RAISBECK DAVID W on Tuesday, March 7. Chung Michael HK sold $891,295 worth of stock or 10,968 shares. Another trade for 821 shares valued at $65,746 was sold by BOLDEA LUCIAN.

Among 14 analysts covering Eastman Chemical Company (NYSE:EMN), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. Eastman Chemical Company had 29 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, June 16 by Jefferies. The rating was maintained by Deutsche Bank with “” on Thursday, September 3. RBC Capital Markets downgraded Eastman Chemical Company (NYSE:EMN) on Tuesday, August 2 to “Sector Perform” rating. RBC Capital Markets maintained the shares of EMN in report on Monday, November 2 with “Outperform” rating. The stock has “Positive” rating by Susquehanna on Friday, July 1. The firm has “Buy” rating given on Monday, May 2 by Jefferies. The firm earned “Neutral” rating on Wednesday, September 7 by Citigroup. The rating was maintained by Nomura on Monday, July 11 with “Buy”. Deutsche Bank maintained the stock with “Buy” rating in Monday, May 2 report. RBC Capital Markets initiated the shares of EMN in report on Wednesday, October 14 with “Outperform” rating.

Since February 22, 2017, it had 1 buying transaction, and 9 insider sales for $68.73 million activity. The insider Roseborough Teresa Wynn sold 29,076 shares worth $4.57 million. $20.26M worth of Home Depot Inc (NYSE:HD) was sold by Menear Craig A on Wednesday, February 22. HOLIFIELD MARK sold $7.65 million worth of Home Depot Inc (NYSE:HD) on Wednesday, May 17. Shares for $2.30M were sold by Carey Matt. Shares for $4.86 million were sold by Lennie William G. on Thursday, May 18. Crow Timothy M sold $12.82 million worth of stock. 7,000 shares valued at $1.10 million were sold by Campbell Ann Marie on Wednesday, May 17.

Trustmark National Bank Trust Department decreased Lincoln National Corporation (NYSE:LNC) stake by 34,695 shares to 30,793 valued at $2.04M in 2016Q4. It also reduced Entergy Corporation (NYSE:ETR) stake by 25,753 shares and now owns 51,604 shares. Ishares (GVI) was reduced too.

Among 22 analysts covering The Home Depot Inc. (NYSE:HD), 14 have Buy rating, 0 Sell and 8 Hold. Therefore 64% are positive. The Home Depot Inc. had 50 analyst reports since August 19, 2015 according to SRatingsIntel. The company was maintained on Wednesday, November 18 by Credit Suisse. The company was maintained on Tuesday, August 18 by Goldman Sachs. The stock of Home Depot Inc (NYSE:HD) earned “Neutral” rating by Piper Jaffray on Monday, October 31. Cantor Fitzgerald maintained the shares of HD in report on Monday, August 17 with “Hold” rating. As per Friday, May 13, the company rating was maintained by Jefferies. The stock of Home Depot Inc (NYSE:HD) has “Neutral” rating given on Thursday, May 11 by Atlantic Securities. The stock of Home Depot Inc (NYSE:HD) earned “Buy” rating by Nomura on Thursday, June 23. The firm has “Hold” rating by S&P Research given on Wednesday, August 19. The stock of Home Depot Inc (NYSE:HD) has “Buy” rating given on Monday, January 25 by Deutsche Bank. Goldman Sachs maintained the shares of HD in report on Wednesday, April 6 with “Neutral” rating.

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