Cobblestone Capital Advisors LLC NY Buys 883 Shares of Eastman Chemical Company $EMN

Cobblestone Capital Advisors LLC NY raised its stake in Eastman Chemical Company (NYSE:EMN) by 37.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,212 shares of the basic materials company’s stock after purchasing an additional 883 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Eastman Chemical were worth $240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMN. MassMutual Private Wealth & Trust FSB increased its stake in Eastman Chemical by 65.5% during 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 bought a new stake in Eastman Chemical during the second quarter worth $32,000. National Pension Service grew its holdings in Eastman Chemical by 75.3% during the first quarter. National Pension Service now owns 433 shares of the basic materials company’s stock worth $38,000 after buying an additional 186 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of 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 in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Eastman Chemical in the 1st quarter worth $50,000. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group reduced their price objective on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group reduced their target price on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Mizuho reduced their price objective on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Wells Fargo & Company increased their price objective on Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.62.

Eastman Chemical Trading Up 1.9%

Shares of Eastman Chemical stock opened at $63.92 on Tuesday. The company has a 50 day simple moving average of $64.81 and a two-hundred day simple moving average of $72.29. The firm has a market cap of $7.34 billion, a PE ratio of 8.98, a PEG ratio of 6.32 and a beta of 1.29. Eastman Chemical Company has a 1 year low of $56.78 and a 1 year high of $107.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.12). The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Analysts expect that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were given a $0.83 dividend. The ex-dividend date was Monday, September 15th. This represents a $3.32 annualized dividend and a yield of 5.2%. Eastman Chemical’s 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.