Bayforest Capital Ltd Grows Holdings in Eastman Chemical Company $EMN

Key Points

• Bayforest Capital Ltd significantly expanded its investment in Eastman Chemical Company by 1,282.4% during the first quarter, bringing its total holdings to 4,700 shares valued at $414,000.
• Eastman Chemical reported disappointing earnings for the last quarter, with an EPS of $1.60, missing estimates by $0.12, and a 3.2% decrease in revenue year-over-year.
• The company recently announced a quarterly dividend of $0.83 per share, translating to an annualized payout of $3.32 and a yield of 4.9% for investors.

Bayforest Capital Ltd increased its stake in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 1,282.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,700 shares of the basic materials company's stock after purchasing an additional 4,360 shares during the period. Bayforest Capital Ltd's holdings in Eastman Chemical were worth $414,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EMN. Principal Financial Group Inc. boosted its position in Eastman Chemical by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company's stock valued at $13,702,000 after buying an additional 8,708 shares during the period. OneDigital Investment Advisors LLC lifted its position in Eastman Chemical by 36.9% in the first quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company's stock valued at $267,000 after acquiring an additional 816 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Eastman Chemical during the 1st quarter worth approximately $1,494,000. Farther Finance Advisors LLC increased its holdings in shares of Eastman Chemical by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company's stock valued at $167,000 after acquiring an additional 214 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in shares of Eastman Chemical by 882.3% in the first quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company's stock valued at $83,000 after buying an additional 847 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Trading Down 1.8%

NYSE EMN opened at $67.64 on Wednesday. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 6.58 and a beta of 1.25. Eastman Chemical Company has a 12 month low of $56.78 and a 12 month high of $114.50. The company's fifty day moving average price is $71.38 and its two-hundred day moving average price is $78.66. 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 released its earnings results 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 firm 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 business earned $2.15 EPS. 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, research analysts predict that Eastman Chemical Company will post 8.55 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 Tuesday, October 7th. Investors of record on Monday, September 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Monday, September 15th. This represents a $3.32 annualized dividend and a yield of 4.9%. Eastman Chemical's dividend payout ratio is 46.63%.

Analysts Set New Price Targets

Several equities analysts have issued reports on EMN shares. UBS Group dropped their price objective on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Royal Bank Of Canada cut their price target on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating for the company in a research note on Tuesday, August 5th. KeyCorp set a $79.00 target price on Eastman Chemical and gave the company an "overweight" rating in a report on Monday, August 4th. Mizuho lowered 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. Finally, Wells Fargo & Company dropped their target price on Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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