Caisse DE Depot ET Placement DU Quebec Boosts Holdings in Eastman Chemical Company $EMN

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Eastman Chemical Company by 23.3%, acquiring an additional 25,900 shares, bringing its total ownership to approximately 137,030 shares valued at $12,074,000.
• Eastman Chemical has received target price adjustments from several analysts, with estimates now ranging from $65.00 to $101.00, reflecting a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.83 per share, representing an annualized dividend yield of 4.8%, with a payout ratio of 46.63%.

Caisse DE Depot ET Placement DU Quebec boosted its position in Eastman Chemical Company (NYSE:EMN - Free Report) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,030 shares of the basic materials company's stock after purchasing an additional 25,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.12% of Eastman Chemical worth $12,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Holderness Investments Co. lifted its stake in Eastman Chemical by 1.2% in the 1st quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company's stock worth $922,000 after purchasing an additional 125 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Eastman Chemical by 15.0% in the 1st quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company's stock worth $92,000 after buying an additional 136 shares during the last quarter. Beverly Hills Private Wealth LLC increased its holdings in shares of Eastman Chemical by 4.5% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company's stock worth $291,000 after buying an additional 143 shares during the last quarter. Prudent Man Advisors LLC increased its holdings in shares of Eastman Chemical by 2.2% in the 1st quarter. Prudent Man Advisors LLC now owns 6,651 shares of the basic materials company's stock worth $586,000 after buying an additional 144 shares during the last quarter. Finally, Burney Co. increased its holdings in shares of Eastman Chemical by 0.9% in the 1st quarter. Burney Co. now owns 18,083 shares of the basic materials company's stock worth $1,593,000 after buying an additional 154 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Trading Up 3.1%

Eastman Chemical stock traded up $2.08 during trading hours on Monday, reaching $70.26. The stock had a trading volume of 1,777,521 shares, compared to its average volume of 1,586,580. The stock has a market cap of $8.07 billion, a PE ratio of 9.87, a PEG ratio of 6.72 and a beta of 1.26. Eastman Chemical Company has a 52 week low of $56.78 and a 52 week high of $114.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78. The company has a fifty day simple moving average of $72.41 and a 200-day simple moving average of $80.08.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.72 by ($0.12). The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.Eastman Chemical's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Analysts forecast that Eastman Chemical Company will post 8.55 EPS 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. Stockholders 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 4.7%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is currently 46.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EMN shares. Mizuho decreased their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. UBS Group reduced their target price 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. The Goldman Sachs Group reduced their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company reduced their target price on shares of Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Finally, Citigroup reduced their target price on shares of Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Eastman Chemical 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.