MQS Management LLC Takes $395,000 Position in Eastman Chemical Company $EMN

MQS Management LLC acquired a new position in Eastman Chemical Company (NYSE:EMN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,289 shares of the basic materials company’s stock, valued at approximately $395,000.

Several other large investors have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 146 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Eastman Chemical in the second quarter worth approximately $32,000. National Pension Service boosted its holdings in Eastman Chemical by 75.3% in the first quarter. National Pension Service now owns 433 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 186 shares during the last quarter. TD Private Client Wealth LLC increased its position in Eastman Chemical by 46.4% during the 1st quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 170 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Eastman Chemical during the 1st quarter valued at approximately $50,000. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $62.68 on Monday. The firm has a market capitalization of $7.20 billion, a P/E ratio of 8.80, a P/E/G ratio of 6.32 and a beta of 1.29. The firm’s 50-day moving average price is $64.85 and its 200-day moving average price is $72.42. 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 $107.50.

Eastman Chemical (NYSE:EMN) last issued its earnings results 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). 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 period in the previous year, the firm earned $2.15 earnings per share. The business’s quarterly 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. Equities research analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share 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 given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EMN shares. Mizuho reduced their price objective on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Citigroup upped their price target on shares of Eastman Chemical from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. UBS Group decreased their price target on Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 6th. Bank of America dropped their price objective on Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada set a $71.00 target price on Eastman Chemical in a research report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company 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.