Nisa Investment Advisors LLC Purchases 10,813 Shares of Eastman Chemical Company $EMN

Nisa Investment Advisors LLC raised its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 19.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,112 shares of the basic materials company’s stock after purchasing an additional 10,813 shares during the period. Nisa Investment Advisors LLC’s holdings in Eastman Chemical were worth $5,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC bought a new position in Eastman Chemical in the 4th quarter worth $202,000. GAMMA Investing LLC raised its holdings in Eastman Chemical by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 5,413 shares of the basic materials company’s stock worth $477,000 after purchasing an additional 1,215 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Eastman Chemical by 11.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,930 shares of the basic materials company’s stock worth $1,580,000 after buying an additional 1,893 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Eastman Chemical by 882.3% in the first quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company’s stock worth $83,000 after buying an additional 847 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Eastman Chemical by 15.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 22,779 shares of the basic materials company’s stock worth $2,007,000 after buying an additional 3,005 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

EMN has been the subject of several research reports. UBS Group decreased their target price on Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group decreased their price objective on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Citigroup increased their price objective on Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Bank of America decreased their price target on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the stock an “overweight” rating in a research note on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.62.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $63.30 on Wednesday. Eastman Chemical Company has a 1-year low of $56.78 and a 1-year high of $107.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78. The business has a fifty day moving average price of $64.74 and a 200-day moving average price of $72.20. The company has a market capitalization of $7.27 billion, a PE ratio of 8.89, a PEG ratio of 6.43 and a beta of 1.29.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.12). The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts expect that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 15th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 5.2%. Eastman Chemical’s dividend payout ratio (DPR) is 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.