Credit Industriel ET Commercial Takes Position in Eastman Chemical Company $EMN

Credit Industriel ET Commercial 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 3,000 shares of the basic materials company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in Eastman Chemical by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock valued at $228,042,000 after acquiring an additional 202,740 shares during the period. Northern Trust Corp lifted its holdings in shares of Eastman Chemical by 1.2% during 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 purchasing an additional 16,532 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Eastman Chemical by 1.1% during 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 purchasing an additional 13,886 shares during the last quarter. Truist Financial Corp raised its stake in Eastman Chemical by 9.3% during 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 last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in 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 worth $84,810,000 after acquiring an additional 18,460 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

EMN has been the topic of several analyst reports. Citigroup boosted their target price on Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Wells Fargo & Company lifted their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group decreased their price objective on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 6th. Finally, The Goldman Sachs Group decreased 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Eastman Chemical has an average rating of “Moderate Buy” and an average price target of $85.54.

Eastman Chemical Price Performance

Shares of EMN opened at $60.09 on Tuesday. The firm has a market cap of $6.90 billion, a PE ratio of 8.44, a P/E/G ratio of 5.79 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 1-year low of $56.78 and a 1-year high of $111.79. The firm has a fifty day simple moving average of $65.14 and a two-hundred day simple moving average of $73.58.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 8.96% and a return on equity of 15.24%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, equities analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 5.5%. 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.