Quantbot Technologies LP Raises Holdings in Eastman Chemical Company $EMN

Quantbot Technologies LP increased its stake in shares of Eastman Chemical Company (NYSE:EMN) by 301.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,756 shares of the basic materials company’s stock after acquiring an additional 9,579 shares during the period. Quantbot Technologies LP’s holdings in Eastman Chemical were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Eastman Chemical by 5.9% during the first quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company’s stock worth $13,702,000 after buying an additional 8,708 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Eastman Chemical by 36.9% during the first quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company’s stock worth $267,000 after buying an additional 816 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Eastman Chemical during the first quarter worth about $1,494,000. Farther Finance Advisors LLC grew its holdings in shares of Eastman Chemical by 12.8% during the first quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company’s stock worth $167,000 after buying an additional 214 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Eastman Chemical by 882.3% during the first quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company’s stock worth $83,000 after buying an additional 847 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $69.4520 on Friday. The business’s 50 day simple moving average is $73.04 and its 200-day simple moving average is $81.32. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 6.63 and a beta of 1.21. 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 12 month low of $56.78 and a 12 month high of $114.50.

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 the consensus estimate of $1.72 by ($0.12). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.Eastman Chemical’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 4.8%. Eastman Chemical’s payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho lowered their price target on Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Wells Fargo & Company lowered their price objective on Eastman Chemical from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. UBS Group dropped their target price on Eastman Chemical from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 9th. Barclays dropped their target price on Eastman Chemical from $108.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $76.00 target price (down previously from $112.00) on shares of Eastman Chemical in a research report on Monday, April 28th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

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.