Eastman Chemical Company $EMN Stake Lessened by Stephens Inc. AR

Stephens Inc. AR trimmed its position in shares of Eastman Chemical Company (NYSE:EMN) by 55.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,317 shares of the basic materials company’s stock after selling 24,951 shares during the period. Stephens Inc. AR’s holdings in Eastman Chemical were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Eastman Chemical by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock worth $228,042,000 after acquiring an additional 202,740 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Eastman Chemical by 1.2% during the first quarter. Northern Trust Corp now owns 1,393,932 shares of the basic materials company’s stock worth $122,819,000 after acquiring an additional 16,532 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Eastman Chemical by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 1,279,279 shares of the basic materials company’s stock worth $112,717,000 after acquiring an additional 13,886 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Eastman Chemical by 9.3% during the first quarter. Truist Financial Corp now owns 1,265,857 shares of the basic materials company’s stock worth $111,535,000 after acquiring an additional 107,750 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Eastman Chemical by 2.0% during the first quarter. PNC Financial Services Group Inc. now owns 962,548 shares of the basic materials company’s stock worth $84,810,000 after acquiring an additional 18,460 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Chemical in a report on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Mizuho lowered their target price on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Bank of America lowered their target price on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Finally, UBS Group lowered their target price on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.62.

Eastman Chemical Trading Up 3.2%

Shares of NYSE:EMN opened at $63.14 on Friday. The company has a market cap of $7.25 billion, a P/E ratio of 8.87, a P/E/G ratio of 6.17 and a beta of 1.29. The stock’s 50-day moving average is $64.91 and its 200-day moving average is $72.55. Eastman Chemical Company has a 52-week low of $56.78 and a 52-week high of $108.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.12). The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Equities research analysts predict that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s dividend payout ratio (DPR) is currently 46.63%.

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.