Optas LLC Acquires Shares of 3,056 Eastman Chemical Company $EMN

Optas LLC acquired a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,056 shares of the basic materials company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Miller Howard Investments Inc. NY purchased a new position in shares of Eastman Chemical in the 2nd quarter worth about $26,212,000. Nuveen LLC purchased a new position in shares of Eastman Chemical in the 1st quarter worth about $26,289,000. Atlantic Investment Management Inc. purchased a new position in shares of Eastman Chemical in the 1st quarter worth about $22,167,000. Dimensional Fund Advisors LP raised its position in shares of Eastman Chemical by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock worth $228,042,000 after purchasing an additional 202,740 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Eastman Chemical by 5,315.9% in the 1st quarter. Jones Financial Companies Lllp now owns 200,011 shares of the basic materials company’s stock worth $17,623,000 after purchasing an additional 196,318 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 4.7%

Shares of NYSE:EMN opened at $58.20 on Friday. The stock has a 50 day moving average of $65.16 and a 200 day moving average of $73.98. The company has a market cap of $6.68 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 6.08 and a beta of 1.29. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month high of $111.79.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $2.15 earnings per share. The company’s 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. As a group, equities research analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EMN shares. Citigroup boosted their target price on Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada decreased their target price 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. Wells Fargo & Company boosted their target price on Eastman Chemical from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Mizuho cut their price target on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group cut their price target on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.54.

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.