Erste Asset Management GmbH Purchases 5,000 Shares of Eastman Chemical Company $EMN

Erste Asset Management GmbH raised its position in Eastman Chemical Company (NYSE:EMN) by 8.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 63,800 shares of the basic materials company’s stock after buying an additional 5,000 shares during the period. Erste Asset Management GmbH’s holdings in Eastman Chemical were worth $5,554,000 at the end of the most recent quarter.

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

Eastman Chemical Trading Down 0.1%

Shares of EMN stock opened at $66.6410 on Thursday. The company has a market cap of $7.65 billion, a P/E ratio of 9.36, a PEG ratio of 6.37 and a beta of 1.21. The stock has a 50 day simple moving average of $73.43 and a two-hundred day simple moving average of $81.93. 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 Company has a fifty-two week low of $56.78 and a fifty-two week high of $114.50.

Eastman Chemical (NYSE:EMN) last issued its 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 return on equity of 15.24% and a net margin of 8.96%.The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company earned $2.15 earnings per share. Eastman Chemical’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. Research analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup dropped their target price on Eastman Chemical from $90.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, August 4th. UBS Group lowered their price objective on Eastman Chemical from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Wells Fargo & Company lowered their price objective on Eastman Chemical from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Mizuho lowered their price objective on Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, Royal Bank Of Canada lowered their price objective on Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

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.