Butensky & Cohen Financial Security Inc. Grows Stock Holdings in Eastman Chemical Company $EMN

Butensky & Cohen Financial Security Inc. lifted its holdings in Eastman Chemical Company (NYSE:EMN) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,355 shares of the basic materials company’s stock after acquiring an additional 9,694 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Eastman Chemical were worth $3,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EMN. MUFG Securities EMEA plc purchased a new stake in Eastman Chemical during the 2nd quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Eastman Chemical in the fourth quarter valued at about $25,000. Garton & Associates Financial Advisors LLC purchased a new position in Eastman Chemical in the fourth quarter valued at about $27,000. Los Angeles Capital Management LLC acquired a new position in shares of Eastman Chemical during the fourth quarter worth about $27,000. Finally, McMillan Office Inc. purchased a new stake in shares of Eastman Chemical in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Stock Up 1.8%

Shares of Eastman Chemical stock opened at $74.73 on Wednesday. The business has a 50-day moving average of $70.43 and a 200-day moving average of $72.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The company has a market capitalization of $8.55 billion, a PE ratio of 19.46, a P/E/G ratio of 0.91 and a beta of 1.06. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, equities analysts forecast that Eastman Chemical Company will post 6.43 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s dividend payout ratio is presently 87.50%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EMN. Morgan Stanley lowered their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Mizuho set a $85.00 price target on Eastman Chemical in a research report on Friday, May 1st. Citigroup decreased their price target on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a report on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and an average price target of $79.17.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.