Concurrent Investment Advisors LLC Acquires 2,171 Shares of Eastman Chemical Company $EMN

Concurrent Investment Advisors LLC raised its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 19.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,110 shares of the basic materials company’s stock after acquiring an additional 2,171 shares during the period. Concurrent Investment Advisors LLC’s holdings in Eastman Chemical were worth $979,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Holderness Investments Co. lifted its stake in Eastman Chemical by 1.2% in the first quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company’s stock valued at $922,000 after buying an additional 125 shares in the last quarter. CX Institutional lifted its position in Eastman Chemical by 10.6% in the 2nd quarter. CX Institutional now owns 1,339 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 128 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Eastman Chemical by 3.3% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,109 shares of the basic materials company’s stock worth $307,000 after purchasing an additional 130 shares during the period. Y.D. More Investments Ltd increased its holdings in Eastman Chemical by 15.0% during the 1st quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 136 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC raised its stake in shares of Eastman Chemical by 4.5% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EMN shares. Royal Bank Of Canada set a $71.00 price objective on Eastman Chemical in a research report on Tuesday. Wells Fargo & Company upped their price target on Eastman Chemical from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the stock an “overweight” rating in a research note on Monday, August 4th. UBS Group cut their price objective on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Chemical in a research report on Wednesday, October 8th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.62.

Eastman Chemical Price Performance

NYSE:EMN opened at $60.17 on Friday. The stock has a market capitalization of $6.91 billion, a PE ratio of 8.45, a P/E/G ratio of 6.12 and a beta of 1.29. Eastman Chemical Company has a 1-year low of $56.78 and a 1-year high of $110.05. The firm has a fifty day simple moving average of $65.10 and a 200 day simple moving average of $73.21. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81.

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

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s payout ratio is 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.