Allianz Asset Management GmbH Has $12.36 Million Stock Holdings in Eastman Chemical Company $EMN

Allianz Asset Management GmbH cut its stake in shares of Eastman Chemical Company (NYSE:EMN) by 1.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,570 shares of the basic materials company’s stock after selling 2,230 shares during the period. Allianz Asset Management GmbH owned approximately 0.14% of Eastman Chemical worth $12,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EMN. Miller Howard Investments Inc. NY acquired a new stake in shares of Eastman Chemical during the second quarter worth $26,212,000. Nuveen LLC acquired a new position in Eastman Chemical during the first quarter valued at $26,289,000. Atlantic Investment Management Inc. acquired a new position in Eastman Chemical during the first quarter valued at $22,167,000. Dimensional Fund Advisors LP raised its position in Eastman Chemical by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock valued at $228,042,000 after buying an additional 202,740 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Eastman Chemical by 5,315.9% during the first quarter. Jones Financial Companies Lllp now owns 200,011 shares of the basic materials company’s stock valued at $17,623,000 after buying an additional 196,318 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Eastman Chemical in a research report on Wednesday, October 8th. UBS Group dropped their price target on Eastman Chemical from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Citigroup upped their price target on Eastman Chemical from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wells Fargo & Company boosted their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Bank of America lowered their target price on Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Eastman Chemical presently has an average rating of “Moderate Buy” and an average price target of $82.62.

Eastman Chemical Stock Performance

EMN opened at $61.52 on Tuesday. The company has a market cap of $7.06 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 6.18 and a beta of 1.29. The stock has a 50-day moving average of $65.11 and a 200-day moving average of $72.77. Eastman Chemical Company has a 52-week low of $56.78 and a 52-week high of $108.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68.

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

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Monday, September 15th. Eastman Chemical’s dividend payout ratio is 46.63%.

Eastman Chemical 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.