Eastman Chemical Company $EMN Stock Holdings Lifted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC raised its position in shares of Eastman Chemical Company (NYSE:EMN) by 171.0% in the second quarter, Holdings Channel reports. The firm owned 62,939 shares of the basic materials company’s stock after buying an additional 39,717 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Eastman Chemical were worth $4,699,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Eastman Chemical by 1,528.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,712 shares of the basic materials company’s stock worth $6,623,000 after buying an additional 83,264 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in Eastman Chemical in the 2nd quarter worth $224,000. Prospera Financial Services Inc grew its position in Eastman Chemical by 8.6% during the second quarter. Prospera Financial Services Inc now owns 27,514 shares of the basic materials company’s stock worth $2,054,000 after buying an additional 2,185 shares in the last quarter. AGF Management Ltd. grew its holdings in shares of Eastman Chemical by 9.1% during the 2nd quarter. AGF Management Ltd. now owns 40,621 shares of the basic materials company’s stock worth $3,033,000 after purchasing an additional 3,400 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in Eastman Chemical by 92.2% in the 2nd quarter. NewSquare Capital LLC now owns 80,429 shares of the basic materials company’s stock valued at $6,005,000 after buying an additional 38,572 shares during the period. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Up 2.7%

Shares of NYSE EMN opened at $61.25 on Friday. Eastman Chemical Company has a twelve month low of $56.75 and a twelve month high of $107.50. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 6.16 and a beta of 1.31. The company’s fifty day moving average is $63.43 and its 200-day moving average is $71.22.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Monday, November 3rd. The basic materials company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $2.26 EPS. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. Eastman Chemical has set its FY 2025 guidance at 5.400-5.65 EPS. Equities research analysts predict that Eastman Chemical Company will post 8.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $71.00 target price on Eastman Chemical in a report on Tuesday, October 14th. KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the stock an “overweight” rating in a research note on Monday, August 4th. The Goldman Sachs Group dropped their target price on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Wells Fargo & Company dropped their price objective on Eastman Chemical from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Citigroup raised their target price on shares of Eastman Chemical from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.33.

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.