Eastman Chemical Company $EMN Shares Acquired by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd increased its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 107.3% during the second quarter, HoldingsChannel reports. The fund owned 3,195 shares of the basic materials company’s stock after buying an additional 1,654 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Eastman Chemical were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Miller Howard Investments Inc. NY purchased a new stake in shares of Eastman Chemical during the 2nd quarter worth $26,212,000. Nuveen LLC acquired a new stake in shares of Eastman Chemical in the first quarter valued at about $26,289,000. Atlantic Investment Management Inc. purchased a new stake in Eastman Chemical during the first quarter worth about $22,167,000. Dimensional Fund Advisors LP grew 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 worth $228,042,000 after buying an additional 202,740 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Eastman Chemical by 5,315.9% in 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 in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Price Performance

EMN opened at $63.14 on Friday. Eastman Chemical Company has a 1 year low of $56.78 and a 1 year high of $108.03. 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’s 50 day simple moving average is $64.91 and its 200 day simple moving average is $72.55. The stock has a market capitalization of $7.25 billion, a PE ratio of 8.87, a P/E/G ratio of 6.17 and a beta of 1.29.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share 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 quarter last year, the business earned $2.15 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, sell-side analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EMN. Citigroup boosted their price target on Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Bank of America reduced their price objective on Eastman Chemical from $78.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Wells Fargo & Company upped their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. The Goldman Sachs Group dropped their price target on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada set a $71.00 price objective on shares of Eastman Chemical in a research report on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.