Dimensional Fund Advisors LP Acquires 202,740 Shares of 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 lifted its stake in Eastman Chemical Company (NYSE:EMN - Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,588,331 shares of the basic materials company's stock after acquiring an additional 202,740 shares during the period. Dimensional Fund Advisors LP owned 2.24% of Eastman Chemical worth $228,042,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. National Pension Service raised its stake in shares of Eastman Chemical by 75.3% in the 1st quarter. National Pension Service now owns 433 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 186 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Eastman Chemical in the 4th quarter valued at approximately $47,000. TD Private Client Wealth LLC raised its stake in shares of Eastman Chemical by 46.4% in the 1st quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 170 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of Eastman Chemical by 68.5% in the 4th quarter. Johnson Financial Group Inc. now owns 556 shares of the basic materials company's stock valued at $55,000 after acquiring an additional 226 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Eastman Chemical in the 1st quarter worth approximately $50,000. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Price Performance

EMN stock traded up $3.4420 during trading on Friday, hitting $69.4520. The company had a trading volume of 1,397,348 shares, compared to its average volume of 2,046,609. The company has a fifty day moving average price of $73.04 and a two-hundred day moving average price of $81.46. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The company has a market cap of $7.98 billion, a P/E ratio of 9.75, a P/E/G ratio of 6.31 and a beta of 1.21. Eastman Chemical Company has a fifty-two week low of $56.78 and a fifty-two week high of $114.50.

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

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.32 annualized dividend and a yield of 4.8%. Eastman Chemical's payout ratio is currently 46.63%.

Analyst Ratings Changes

EMN has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Barclays dropped their price target on Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley dropped their price target on Eastman Chemical from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. UBS Group dropped their price target on Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Finally, Citigroup dropped their price target on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Eastman Chemical has an average rating of "Moderate Buy" and a consensus target price 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.