Dimensional Fund Advisors LP Has $228.04 Million Holdings in Eastman Chemical Company $EMN

Key Points

• Dimensional Fund Advisors LP increased its stake in Eastman Chemical Company by 8.5%, purchasing 202,740 shares, bringing its total ownership to approximately $228 million.
• A range of institutional investors, including Capital World Investors and GAMMA Investing LLC, have significantly increased their stakes in Eastman Chemical, indicating strong institutional confidence in the company.
• Eastman Chemical reported a miss on earnings for the last quarter, with an EPS of $1.60 against expectations of $1.72, leading to a year-over-year revenue decline of 3.2%.

Dimensional Fund Advisors LP boosted its stake in Eastman Chemical Company (NYSE:EMN - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,588,331 shares of the basic materials company's stock after purchasing an additional 202,740 shares during the period. Dimensional Fund Advisors LP owned about 2.24% of Eastman Chemical worth $228,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Research Global Investors lifted its stake in Eastman Chemical by 13.4% in the 4th quarter. Capital Research Global Investors now owns 5,886,564 shares of the basic materials company's stock valued at $537,561,000 after purchasing an additional 697,388 shares during the last quarter. Earnest Partners LLC lifted its stake in Eastman Chemical by 1.6% in the 4th quarter. Earnest Partners LLC now owns 2,277,827 shares of the basic materials company's stock valued at $208,011,000 after purchasing an additional 35,793 shares during the last quarter. Capital World Investors bought a new position in Eastman Chemical in the 4th quarter valued at approximately $137,848,000. Northern Trust Corp lifted its stake in Eastman Chemical by 10.3% in the 4th quarter. Northern Trust Corp now owns 1,377,400 shares of the basic materials company's stock valued at $125,784,000 after purchasing an additional 128,488 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Eastman Chemical by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,279,279 shares of the basic materials company's stock valued at $112,717,000 after purchasing an additional 13,886 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Eastman Chemical Trading Up 5.2%

Shares of EMN traded up $3.4420 during trading hours on Friday, hitting $69.4520. 1,397,348 shares of the stock were exchanged, compared to its average volume of 2,046,609. Eastman Chemical Company has a fifty-two week low of $56.78 and a fifty-two 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 business has a 50-day moving average of $73.04 and a 200-day moving average of $81.32. The firm has a market capitalization of $7.98 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 6.63 and a beta of 1.21.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $2.32 billion. During the same quarter last year, the company earned $2.15 earnings per share. The company's quarterly 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 expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be given a dividend of $0.83 per share. The ex-dividend date is Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 4.8%. Eastman Chemical's dividend payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. Citigroup dropped their price target on shares of 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 downgraded shares of Eastman Chemical from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Mizuho dropped their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Finally, Wells Fargo & Company dropped their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.00.

About Eastman Chemical

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.