Stephens Inc. AR Sells 24,951 Shares of Eastman Chemical Company $EMN

Stephens Inc. AR lessened its stake in Eastman Chemical Company (NYSE:EMN) by 55.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,317 shares of the basic materials company’s stock after selling 24,951 shares during the period. Stephens Inc. AR’s holdings in Eastman Chemical were worth $1,517,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Eastman Chemical by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock valued at $228,042,000 after buying an additional 202,740 shares during the period. Northern Trust Corp lifted its stake in shares of Eastman Chemical by 1.2% in the first quarter. Northern Trust Corp now owns 1,393,932 shares of the basic materials company’s stock valued at $122,819,000 after buying an additional 16,532 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Eastman Chemical by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,279,279 shares of the basic materials company’s stock valued at $112,717,000 after buying an additional 13,886 shares during the period. Truist Financial Corp lifted its stake in shares of Eastman Chemical by 9.3% in the first quarter. Truist Financial Corp now owns 1,265,857 shares of the basic materials company’s stock valued at $111,535,000 after buying an additional 107,750 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Eastman Chemical by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 962,548 shares of the basic materials company’s stock valued at $84,810,000 after buying an additional 18,460 shares during the period. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

NYSE: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 firm has a 50 day moving average of $64.91 and a 200-day moving average of $72.55. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $7.25 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 6.17 and a beta of 1.29.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $2.15 EPS. The business’s revenue was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, sell-side analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EMN shares. The Goldman Sachs Group reduced their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Bank of America cut their price target on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. 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. Citigroup raised their price target on shares of Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada set a $71.00 price target on shares of Eastman Chemical in a research note on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and an average price target 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.