Aberdeen Group plc Has $5.71 Million Stock Holdings in 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 boosted its position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 137.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 approximately 0.06% of Eastman Chemical worth $5,712,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EMN. Brighton Jones LLC bought a new position in Eastman Chemical in the fourth quarter worth $202,000. Townsquare Capital LLC boosted its position in shares of Eastman Chemical by 36.0% during the 4th quarter. Townsquare Capital LLC now owns 2,869 shares of the basic materials company's stock valued at $262,000 after acquiring an additional 759 shares in the last quarter. Mariner LLC increased its stake in Eastman Chemical by 9.9% in the fourth quarter. Mariner LLC now owns 25,441 shares of the basic materials company's stock valued at $2,323,000 after acquiring an additional 2,288 shares during the period. Marshall Wace LLP bought a new stake in Eastman Chemical in the fourth quarter valued at about $353,000. Finally, GeoWealth Management LLC lifted its stake in Eastman Chemical by 74.0% during the fourth quarter. GeoWealth Management LLC now owns 3,161 shares of the basic materials company's stock worth $289,000 after purchasing an additional 1,344 shares during the period. Institutional investors own 83.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EMN shares. UBS Group lowered their price objective 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. Citigroup dropped their price objective on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Wall Street Zen cut Eastman Chemical from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Barclays lowered their target price on shares of Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, Mizuho cut their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Eastman Chemical Stock Performance

Eastman Chemical stock opened at $66.6410 on Thursday. The stock has a 50-day simple moving average of $73.43 and a 200 day simple moving average of $81.93. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month high of $114.50. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 6.37 and a beta of 1.21.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.12). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company earned $2.15 EPS. The firm's revenue was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, research analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is 46.63%.

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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