Eastman Chemical Company $EMN Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its stake in Eastman Chemical Company (NYSE:EMN) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 666,094 shares of the basic materials company’s stock after selling 35,853 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.58% of Eastman Chemical worth $50,653,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in Eastman Chemical by 65.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 146 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Eastman Chemical in the second quarter valued at approximately $32,000. National Pension Service lifted its stake in shares of Eastman Chemical by 75.3% during the first quarter. National Pension Service now owns 433 shares of the basic materials company’s stock valued at $38,000 after buying an additional 186 shares during the period. TD Private Client Wealth LLC grew its stake in Eastman Chemical by 46.4% in the 1st quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 170 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Eastman Chemical in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EMN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Chemical in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Mizuho dropped their price objective on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Wells Fargo & Company boosted their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.62.

Eastman Chemical Stock Performance

NYSE:EMN opened at $62.17 on Wednesday. Eastman Chemical Company has a twelve month low of $56.78 and a twelve month high of $108.03. The firm’s fifty day simple moving average is $65.08 and its 200 day simple moving average is $72.70. 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 firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 6.21 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 company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $2.15 EPS. Eastman Chemical’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. As a group, equities research analysts expect that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

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

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.