International Business Machscom (IBM) Stock Price Declined While Tompkins Financial Boosted by $632,490 Its Position; As Eastman Chemical Co (EMN) Market Value Declined, Vestor Capital Has Cut Holding

February 24, 2018 - By Henry Gaston

Tompkins Financial Corp increased its stake in International Business Machscom (IBM) by 22.79% based on its latest 2017Q3 regulatory filing with the SEC. Tompkins Financial Corp bought 4,362 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 23,500 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.41 million, up from 19,138 at the end of the previous reported quarter. Tompkins Financial Corp who had been investing in International Business Machscom for a number of months, seems to be bullish on the $143.98B market cap company. The stock increased 1.53% or $2.34 during the last trading session, reaching $155.52. About 3.26 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 24, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Vestor Capital Llc decreased its stake in Eastman Chemical Co (EMN) by 79.64% based on its latest 2017Q3 regulatory filing with the SEC. Vestor Capital Llc sold 42,481 shares as the company’s stock declined 2.09% while stock markets rallied. The institutional investor held 10,859 shares of the major chemicals company at the end of 2017Q3, valued at $983,000, down from 53,340 at the end of the previous reported quarter. Vestor Capital Llc who had been investing in Eastman Chemical Co for a number of months, seems to be less bullish one the $14.79 billion market cap company. The stock increased 1.90% or $1.93 during the last trading session, reaching $103.44. About 917,777 shares traded. Eastman Chemical Company (NYSE:EMN) has risen 7.60% since February 24, 2017 and is uptrending. It has underperformed by 9.10% the S&P500.

Since October 31, 2017, it had 0 insider purchases, and 4 sales for $1.63 million activity. $399,360 worth of stock was sold by DEMERITT STEPHEN R on Wednesday, February 7. Another trade for 5,200 shares valued at $479,024 was made by Stuckey Perry on Tuesday, October 31. $435,516 worth of Eastman Chemical Company (NYSE:EMN) was sold by WARMACK DAMON CARY on Wednesday, February 7.

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.04, from 1.14 in 2017Q2. It improved, as 32 investors sold EMN shares while 175 reduced holdings. 67 funds opened positions while 178 raised stakes. 115.86 million shares or 0.58% less from 116.54 million shares in 2017Q2 were reported. Texan Cap Mgmt, a Texas-based fund reported 22,097 shares. Employees Retirement Sys Of Texas stated it has 0.2% in Eastman Chemical Company (NYSE:EMN). Voya Investment Management Ltd Co has invested 0.02% in Eastman Chemical Company (NYSE:EMN). Foundation Res Mgmt Incorporated accumulated 3,600 shares or 0.05% of the stock. Moreover, Wilen Investment has 2.33% invested in Eastman Chemical Company (NYSE:EMN) for 42,500 shares. Personal Capital Advisors Corp accumulated 0.39% or 221,806 shares. Arrowgrass Partners (Us) Limited Partnership has invested 0% in Eastman Chemical Company (NYSE:EMN). Meiji Yasuda Life Insurance has invested 0.2% in Eastman Chemical Company (NYSE:EMN). Moreover, Amica Pension Fund Board Of Trustees has 0.11% invested in Eastman Chemical Company (NYSE:EMN). Advsrs Asset Inc owns 0% invested in Eastman Chemical Company (NYSE:EMN) for 1,927 shares. Sg Americas Secs Limited stated it has 19,873 shares. Sumitomo Mitsui Asset has 0.02% invested in Eastman Chemical Company (NYSE:EMN). Alphaone Investment Limited Com holds 254 shares. 161,323 are owned by Hallmark Capital Management Inc. Bnp Paribas Asset Management has 32,314 shares for 0.02% of their portfolio.

Analysts await Eastman Chemical Company (NYSE:EMN) to report earnings on April, 26. They expect $2.10 EPS, up 14.75% or $0.27 from last year’s $1.83 per share. EMN’s profit will be $300.30M for 12.31 P/E if the $2.10 EPS becomes a reality. After $1.62 actual EPS reported by Eastman Chemical Company for the previous quarter, Wall Street now forecasts 29.63% EPS growth.

Vestor Capital Llc, which manages about $525.40M and $445.20M US Long portfolio, upped its stake in Becton Dickinson (NYSE:BDX) by 2,623 shares to 50,951 shares, valued at $9.98 million in 2017Q3, according to the filing. It also increased its holding in Johnson & Johnson Com (NYSE:JNJ) by 3,809 shares in the quarter, for a total of 79,213 shares, and has risen its stake in Cigna Corp (NYSE:CI).

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 57 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Tuesday, February 6. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by Nomura on Monday, July 11. Barclays Capital maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, February 5. Barclays Capital has “Equal-Weight” rating and $108 target. The stock of Eastman Chemical Company (NYSE:EMN) earned “Buy” rating by Wells Fargo on Tuesday, February 20. The rating was maintained by UBS on Friday, October 27 with “Buy”. The rating was maintained by RBC Capital Markets on Monday, July 10 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $93.0 target in Monday, October 30 report. Wells Fargo maintained Eastman Chemical Company (NYSE:EMN) rating on Monday, October 30. Wells Fargo has “Buy” rating and $102.0 target. Jefferies maintained Eastman Chemical Company (NYSE:EMN) rating on Friday, June 16. Jefferies has “Buy” rating and $90 target. The rating was upgraded by Citigroup to “Buy” on Tuesday, January 5.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 20. On Wednesday, July 12 the stock rating was maintained by Jefferies with “Sell”. The stock of International Business Machines Corporation (NYSE:IBM) has “Sector Perform” rating given on Wednesday, October 28 by RBC Capital Markets. Goldman Sachs maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, April 19. Goldman Sachs has “Neutral” rating and $150 target. The rating was initiated by Barclays Capital on Wednesday, October 14 with “Underweight”. The rating was maintained by RBC Capital Markets on Thursday, October 12 with “Hold”. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating on Thursday, March 31. Morgan Stanley has “Overweight” rating and $168 target. The firm has “Buy” rating by Bank of America given on Thursday, November 10. JP Morgan maintained the shares of IBM in report on Tuesday, April 19 with “Neutral” rating. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Friday, January 19 by J.P. Morgan.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Daiwa Sb Invests Ltd has 0.05% invested in International Business Machines Corporation (NYSE:IBM) for 1,290 shares. Moors And Cabot Inc stated it has 15,184 shares. New Jersey Better Educational Savings invested in 0.61% or 5,000 shares. Godshalk Welsh Cap Management Inc has 0.78% invested in International Business Machines Corporation (NYSE:IBM). Vanguard Group has 63.31 million shares. State Street Corporation accumulated 50.54 million shares. California Employees Retirement Sys holds 2.46M shares. Murphy Cap Incorporated has 0.78% invested in International Business Machines Corporation (NYSE:IBM) for 37,554 shares. Cohen Klingenstein Ltd Liability holds 0.83% or 37,725 shares in its portfolio. Kentucky Retirement Sys holds 52,495 shares. Segall Bryant And Hamill Lc holds 0.14% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 42,166 shares. Ftb Advsrs accumulated 67,280 shares or 1.01% of the stock. Tru Of Oklahoma has invested 0.43% in International Business Machines Corporation (NYSE:IBM). Strategic Services owns 9,249 shares. 19,487 are owned by Mariner Wealth Advisors Limited.

Tompkins Financial Corp, which manages about $632.79M and $422.29 million US Long portfolio, decreased its stake in Capital One Finl Corp Com (NYSE:COF) by 12,051 shares to 1,430 shares, valued at $121,000 in 2017Q3, according to the filing. It also reduced its holding in Altria Group Inc Com (NYSE:MO) by 38,408 shares in the quarter, leaving it with 10,135 shares, and cut its stake in Wisdomtree Tr Europe Hedged Eq (HEDJ).

Since January 31, 2018, it had 1 buy, and 0 insider sales for $99,659 activity.

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