Deprince Race & Zollo Inc. Has $35.69 Million Holdings in Eastman Chemical Company $EMN

Key Points

• Deprince Race & Zollo Inc. boosted its Q4 stake in Eastman Chemical by 21.7% to 559,128 shares (about 0.49% of the company), valued at roughly $35.69 million.
• Eastman missed Q4 EPS expectations ($0.75 vs. $0.76) with revenue down 12.1% year-over-year; the stock has an $8.48B market cap, pays a $0.84 quarterly dividend (≈4.5% yield), and carries a consensus "Hold" rating with an average target of $79.31.

Deprince Race & Zollo Inc. boosted its stake in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 559,128 shares of the basic materials company's stock after purchasing an additional 99,883 shares during the quarter. Deprince Race & Zollo Inc. owned 0.49% of Eastman Chemical worth $35,689,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EMN. MUFG Securities EMEA plc acquired a new position in Eastman Chemical during the 2nd quarter valued at $25,000. Brown Lisle Cummings Inc. raised its stake in Eastman Chemical by 70.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Eastman Chemical during the 4th quarter valued at $33,000. Rothschild Investment LLC raised its stake in Eastman Chemical by 65.6% during the 3rd quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in Eastman Chemical by 97.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 301 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Up 0.0%

Shares of EMN stock opened at $74.28 on Monday. The stock has a market cap of $8.48 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. Eastman Chemical Company has a one year low of $56.11 and a one year high of $84.18. The stock has a fifty day moving average price of $74.19 and a 200 day moving average price of $67.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.37 and a quick ratio of 0.63.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its earnings results on Thursday, January 29th. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.03 billion. Eastman Chemical had a return on equity of 10.57% and a net margin of 5.42%.The firm's revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.87 earnings per share. Analysts predict that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, March 13th. Eastman Chemical's dividend payout ratio is currently 82.15%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company reiterated an "equal weight" rating and set a $70.00 target price on shares of Eastman Chemical in a research note on Friday, December 19th. Evercore set a $75.00 target price on Eastman Chemical in a research report on Wednesday, February 18th. Zacks Research raised Eastman Chemical from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. raised their target price on Eastman Chemical from $60.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, February 2nd. Finally, UBS Group raised their target price on Eastman Chemical from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $79.31.

Eastman Chemical Profile

Eastman Chemical Company NYSE: EMN is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company's main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.

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