Aberdeen Group plc Buys 38,093 Shares of Eastman Chemical Company $EMN

Key Points

• Aberdeen Group plc has increased its stake in Eastman Chemical Company by 137.5%, owning approximately $5.71 million worth of shares after acquiring an additional 38,093 shares in the first quarter.
• The company reported a Q2 earnings miss with an EPS of $1.60, falling short of analyst estimates of $1.72, and its revenue decreased by 3.2% compared to the previous year.
• Eastman Chemical has announced a quarterly dividend of $0.83 per share, translating to a 5.0% dividend yield, set to be paid on October 7th to eligible stockholders.

Aberdeen Group plc raised its stake in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 137.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,802 shares of the basic materials company's stock after acquiring an additional 38,093 shares during the period. Aberdeen Group plc owned about 0.06% of Eastman Chemical worth $5,712,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EMN. Principal Financial Group Inc. raised its stake in shares of Eastman Chemical by 5.9% during the 1st quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company's stock worth $13,702,000 after purchasing an additional 8,708 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Eastman Chemical by 36.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company's stock worth $267,000 after purchasing an additional 816 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Eastman Chemical during the 1st quarter worth $1,494,000. Farther Finance Advisors LLC raised its stake in shares of Eastman Chemical by 12.8% during the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company's stock worth $167,000 after purchasing an additional 214 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of Eastman Chemical by 882.3% during the 1st quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company's stock worth $83,000 after purchasing an additional 847 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Eastman Chemical Price Performance

Shares of EMN traded down $0.11 during midday trading on Tuesday, hitting $68.35. 1,252,662 shares of the company traded hands, compared to its average volume of 2,033,231. The stock has a 50-day moving average of $72.73 and a 200-day moving average of $80.88. Eastman Chemical Company has a one year low of $56.78 and a one year high of $114.50. The firm has a market cap of $7.85 billion, a P/E ratio of 9.60, a PEG ratio of 6.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company earned $2.15 earnings per share. The company's quarterly 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. As a group, sell-side analysts predict that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio is 46.63%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EMN. The Goldman Sachs Group lowered their target price on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. KeyCorp set a $79.00 target price on Eastman Chemical and gave the stock an "overweight" rating in a research note on Monday, August 4th. Barclays lowered their target price on Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. UBS Group lowered their target price on Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada lowered their price objective on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.00.

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.