Caitong International Asset Management Co. Ltd Raises Stake in Eastman Chemical Company $EMN

Caitong International Asset Management Co. Ltd increased its holdings in Eastman Chemical Company (NYSE:EMN) by 107.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,195 shares of the basic materials company’s stock after buying an additional 1,654 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Eastman Chemical were worth $239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Eastman Chemical by 65.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Eastman Chemical during the 2nd quarter worth about $32,000. National Pension Service grew its position in Eastman Chemical by 75.3% during the 1st quarter. National Pension Service now owns 433 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 186 shares during the period. TD Private Client Wealth LLC raised its position in Eastman Chemical by 46.4% during the first quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 170 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Eastman Chemical in the 1st quarter valued at $50,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Up 3.2%

EMN opened at $63.14 on Friday. The business has a 50 day moving average price of $64.91 and a two-hundred day moving average price of $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 market cap of $7.25 billion, a PE ratio of 8.87, a P/E/G ratio of 6.17 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81.

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

Eastman Chemical Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on EMN. The Goldman Sachs Group dropped their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Mizuho dropped their price objective on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Citigroup lifted their target price on Eastman Chemical from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Chemical in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $71.00 price objective on shares of Eastman Chemical in a report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.62.

Eastman Chemical Company Profile

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.