Eastman Chemical Company $EMN Shares Sold by Edmp Inc.

Edmp Inc. decreased its holdings in Eastman Chemical Company (NYSE:EMN) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,879 shares of the basic materials company’s stock after selling 1,029 shares during the period. Eastman Chemical makes up approximately 1.5% of Edmp Inc.’s investment portfolio, making the stock its 27th largest position. Edmp Inc.’s holdings in Eastman Chemical were worth $1,708,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kiker Wealth Management LLC purchased a new stake in shares of Eastman Chemical in the 2nd quarter valued at approximately $515,000. Credit Industriel ET Commercial purchased a new stake in shares of Eastman Chemical in the 2nd quarter valued at approximately $224,000. Sequoia Financial Advisors LLC grew its stake in shares of Eastman Chemical by 122.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,719 shares of the basic materials company’s stock valued at $427,000 after buying an additional 3,143 shares during the period. Meritage Portfolio Management grew its stake in shares of Eastman Chemical by 0.6% in the 2nd quarter. Meritage Portfolio Management now owns 47,478 shares of the basic materials company’s stock valued at $3,545,000 after buying an additional 271 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Eastman Chemical by 19.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,110 shares of the basic materials company’s stock valued at $979,000 after buying an additional 2,171 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

EMN has been the subject of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, August 5th. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Eastman Chemical in a research report on Wednesday, October 8th. UBS Group decreased their price target 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. Finally, Mizuho decreased their price target on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Eastman Chemical has a consensus rating of “Moderate Buy” and a consensus target price of $85.54.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $60.09 on Tuesday. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month high of $111.79. The stock has a market cap of $6.90 billion, a P/E ratio of 8.44, a price-to-earnings-growth 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. The company has a fifty day simple moving average of $65.14 and a 200-day simple moving average of $73.58.

Eastman Chemical (NYSE:EMN) last announced its quarterly 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). 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 analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $2.15 earnings per share. Eastman Chemical’s 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 analysts expect that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 15th were given a $0.83 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a yield of 5.5%. Eastman Chemical’s payout ratio is 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.