6,756 Shares in Eastman Chemical Company $EMN Bought by 111 Capital

Key Points

• 111 Capital has acquired a new position in Eastman Chemical, purchasing 6,756 shares valued at approximately $504,000.
• Eastman Chemical reported an EPS of $1.60 for the last quarter, missing the consensus estimate of $1.72, and its revenue was down 3.2% year-over-year.
• The company announced a quarterly dividend of $0.83, which represents an annualized yield of 5.2%, to be paid on October 7th.

111 Capital bought a new position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,756 shares of the basic materials company's stock, valued at approximately $504,000.

Other institutional investors also recently modified their holdings of the company. Miller Howard Investments Inc. NY acquired a new stake in Eastman Chemical in the second quarter valued at $26,212,000. Nuveen LLC bought a new position in shares of Eastman Chemical during the 1st quarter worth about $26,289,000. Atlantic Investment Management Inc. acquired a new position in Eastman Chemical during the 1st quarter valued at about $22,167,000. Dimensional Fund Advisors LP boosted its stake in Eastman Chemical by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company's stock valued at $228,042,000 after purchasing an additional 202,740 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Eastman Chemical by 5,315.9% during the 1st quarter. Jones Financial Companies Lllp now owns 200,011 shares of the basic materials company's stock worth $17,623,000 after buying an additional 196,318 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Trading Down 0.6%

Shares of Eastman Chemical stock opened at $63.99 on Monday. The company has a market capitalization of $7.35 billion, a P/E ratio of 8.99, a P/E/G ratio of 6.21 and a beta of 1.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. The company has a fifty day moving average of $66.16 and a 200 day moving average of $74.74. Eastman Chemical Company has a fifty-two week low of $56.78 and a fifty-two week high of $111.79.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.12). The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The firm's revenue for the quarter 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. On average, sell-side analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio is currently 46.63%.

Wall Street Analyst Weigh In

EMN has been the topic of a number of research reports. UBS Group lowered their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Wells Fargo & Company upped their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 16th. Weiss Ratings restated a "sell (d+)" rating on shares of Eastman Chemical in a research report on Saturday, September 27th. The Goldman Sachs Group dropped their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, Citigroup raised their price objective on shares of Eastman Chemical from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.54.

Eastman Chemical Company 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.

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