Brookmont Capital Management Reduces Position in Eastman Chemical Company $EMN

Brookmont Capital Management trimmed its stake in Eastman Chemical Company (NYSE:EMN) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,125 shares of the basic materials company’s stock after selling 284 shares during the period. Brookmont Capital Management’s holdings in Eastman Chemical were worth $1,129,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Eastman Chemical by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company’s stock valued at $13,702,000 after buying an additional 8,708 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Eastman Chemical by 36.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company’s stock valued at $267,000 after buying an additional 816 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Eastman Chemical in the 1st quarter valued at $1,494,000. Farther Finance Advisors LLC grew its position in shares of Eastman Chemical by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company’s stock valued at $167,000 after buying an additional 214 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Eastman Chemical by 882.3% in the 1st quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company’s stock valued at $83,000 after buying an additional 847 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMN has been the topic of a number of recent analyst reports. KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the company an “overweight” rating in a research report on Monday, August 4th. The Goldman Sachs Group lowered their price objective 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. UBS Group lowered their price objective on shares of Eastman Chemical from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Citigroup lowered their price objective on shares of Eastman Chemical from $90.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, Royal Bank Of Canada lowered their price objective on shares of Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.77.

Eastman Chemical Stock Down 1.9%

EMN stock opened at $61.85 on Thursday. Eastman Chemical Company has a one year low of $56.78 and a one year high of $111.79. The stock has a market capitalization of $7.10 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 6.11 and a beta of 1.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. The company has a fifty day moving average of $66.70 and a 200-day moving average of $75.33.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.12). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $2.15 EPS. The firm’s revenue 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, analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be given a dividend of $0.83 per share. The ex-dividend date is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a yield of 5.4%. Eastman Chemical’s payout ratio is presently 46.63%.

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.