14,514 Shares in Eastman Chemical Company $EMN Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG purchased 14,514 Eastman Chemical shares worth approximately $972,000 in the second quarter, while institutional investors collectively own 83.65% of EMN.
• Eastman Chemical reported quarterly earnings of $1.97 per share, beating estimates of $1.82, while revenue rose 9.9% year over year to $2.51 billion.
• The company declared a quarterly dividend of $0.84 per share, equivalent to an annualized $3.36 and a 4.6% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $79.17.

Deutsche Bank AG purchased a new stake in Eastman Chemical Company (NYSE:EMN - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 14,514 shares of the basic materials company's stock, valued at approximately $972,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lido Advisors LLC grew its position in Eastman Chemical by 0.6% in the 4th quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company's stock valued at $1,297,000 after buying an additional 125 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company's stock valued at $41,000 after buying an additional 145 shares during the period. Generali Asset Management SPA SGR grew its stake in shares of Eastman Chemical by 9.6% in the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company's stock valued at $109,000 after buying an additional 149 shares in the last quarter. UMB Bank n.a. increased its position in Eastman Chemical by 6.2% during the fourth quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company's stock worth $164,000 after buying an additional 150 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Eastman Chemical by 0.7% in the second quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company's stock worth $1,389,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Eastman Chemical Trading Up 0.2%

NYSE EMN opened at $73.19 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The stock's 50-day moving average is $70.52 and its 200-day moving average is $72.51. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47. The firm has a market cap of $8.37 billion, a P/E ratio of 19.06, a P/E/G ratio of 0.90 and a beta of 1.06.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business earned $1.60 EPS. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Sell-side analysts anticipate that Eastman Chemical Company will post 6.5 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is presently 87.50%.

Analyst Ratings Changes

Several analysts recently weighed in on EMN shares. Morgan Stanley decreased their target price on Eastman Chemical from $83.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, July 2nd. Wells Fargo & Company increased their target price on Eastman Chemical from $70.00 to $80.00 and gave the stock an "equal weight" rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $74.00 price target on shares of Eastman Chemical in a report on Monday, August 3rd. The Goldman Sachs Group restated a "neutral" rating and set a $75.00 price target on shares of Eastman Chemical in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Eastman Chemical has an average rating of "Moderate Buy" and an average price target of $79.17.

Eastman Chemical Profile

Eastman Chemical Company NYSE: EMN is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company's main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.

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