21,311 Shares in Eastman Chemical Company $EMN Purchased by EFG International AG

Key Points

• EFG International AG acquired 21,311 shares of Eastman Chemical in the second quarter, valued at approximately $1.43 million. Institutional investors collectively own 83.65% of the company.
• 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 $3.36 annually and a 4.6% yield. Analysts maintain a consensus “Moderate Buy” rating with a $79.17 price target.

EFG International AG acquired a new position in Eastman Chemical Company (NYSE:EMN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,311 shares of the basic materials company's stock, valued at approximately $1,428,000.

A number of other institutional investors have also recently bought and sold shares of EMN. White Knight Strategic Wealth Advisors LLC bought a new position in shares of Eastman Chemical during the second quarter worth approximately $212,000. Legal & General Group Plc acquired a new stake in shares of Eastman Chemical in the second quarter valued at approximately $87,583,000. The Manufacturers Life Insurance Company bought a new stake in shares of Eastman Chemical in the second quarter valued at approximately $2,188,000. Van Hulzen Asset Management LLC acquired a new stake in Eastman Chemical during the second quarter worth approximately $304,000. Finally, Fiduciary Financial Advisors acquired a new stake in Eastman Chemical during the second quarter worth approximately $59,000. Institutional investors own 83.65% of the company's stock.

Eastman Chemical Stock Up 1.0%

Shares of EMN opened at $72.77 on Thursday. The firm has a 50 day simple moving average of $70.50 and a two-hundred day simple moving average of $72.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47. The company has a market cap of $8.32 billion, a P/E ratio of 18.95, a P/E/G ratio of 0.88 and a beta of 1.06.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the business posted $1.60 EPS. The company's revenue 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. Research analysts forecast that Eastman Chemical Company will post 6.5 EPS 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. Investors of record on Tuesday, September 15th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 4.6%. Eastman Chemical's dividend payout ratio (DPR) is 87.50%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EMN shares. Morgan Stanley dropped their price objective on Eastman Chemical from $83.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, July 2nd. UBS Group increased their target price on Eastman Chemical from $89.00 to $92.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Eastman Chemical in a research report on Thursday, August 13th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $75.00 price target on shares of Eastman Chemical in a research note on Thursday, July 16th. Finally, Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.17.

Eastman Chemical Company 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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