McIlrath & Eck LLC Takes Position in Eastman Chemical Company $EMN

McIlrath & Eck LLC bought a new position in shares of Eastman Chemical Company (NYSE:EMN) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,550 shares of the basic materials company’s stock, valued at approximately $137,000.

Several other large investors have also added to or reduced their stakes in EMN. Holderness Investments Co. increased its holdings in Eastman Chemical by 1.2% during the 1st quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company’s stock worth $922,000 after purchasing an additional 125 shares in the last quarter. Y.D. More Investments Ltd boosted 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 acquiring an additional 136 shares during the last quarter. Beverly Hills Private Wealth LLC grew 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 worth $291,000 after acquiring an additional 143 shares in the last quarter. Prudent Man Advisors LLC boosted its holdings in Eastman Chemical by 2.2% during the first quarter. Prudent Man Advisors LLC now owns 6,651 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 144 shares during the last quarter. Finally, Burney Co. grew its position in Eastman Chemical by 0.9% in the 1st quarter. Burney Co. now owns 18,083 shares of the basic materials company’s stock worth $1,593,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group dropped their target price 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. Royal Bank Of Canada reduced their price objective on Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, August 5th. KeyCorp set a $79.00 target price on Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Eastman Chemical from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Mizuho reduced their target price on Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Eastman Chemical Trading Down 1.8%

Shares of EMN opened at $67.64 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78. Eastman Chemical Company has a 1-year low of $56.78 and a 1-year high of $114.50. The company has a market capitalization of $7.77 billion, a P/E ratio of 9.50, a P/E/G ratio of 6.58 and a beta of 1.25. The firm’s 50 day simple moving average is $71.38 and its 200 day simple moving average is $78.66.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business posted $2.15 EPS. The business’s quarterly revenue 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. Sell-side analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

About Eastman Chemical

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.