9,818 Shares in Eastman Chemical Company $EMN Acquired by TCM Advisors LLC

TCM Advisors LLC purchased a new position in Eastman Chemical Company (NYSE:EMN) in the second quarter, HoldingsChannel.com reports. The firm purchased 9,818 shares of the basic materials company’s stock, valued at approximately $658,000.

Several other large investors also recently bought and sold shares of EMN. MUFG Securities EMEA plc acquired a new position in shares of Eastman Chemical during the second quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Eastman Chemical during the 4th quarter valued at $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in Eastman Chemical during the 4th quarter valued at $27,000. Los Angeles Capital Management LLC purchased a new stake in Eastman Chemical during the 4th quarter worth $27,000. Finally, McMillan Office Inc. purchased a new stake in Eastman Chemical during the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Trading Up 0.1%

EMN opened at $74.20 on Monday. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. 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 stock has a market capitalization of $8.49 billion, a PE ratio of 19.32, a P/E/G ratio of 0.91 and a beta of 1.06. The firm’s fifty day moving average price is $70.56 and its 200 day moving average price is $72.68.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, research analysts expect that Eastman Chemical Company will post 6.5 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.5%. Eastman Chemical’s dividend payout ratio (DPR) is presently 87.50%.

Analyst Ratings Changes

A number of research firms have weighed in on EMN. The Goldman Sachs Group reissued a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $74.00 target price on shares of Eastman Chemical in a research report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Wells Fargo & Company increased their price target on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, Citigroup lowered their price objective on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.