Kestra Advisory Services LLC Has $1.56 Million Stock Position in Eastman Chemical Company $EMN

Key Points

• Kestra Advisory Services LLC reduced its stake in Eastman Chemical Company by 21.8% during the 1st quarter, bringing its holdings to approximately $1.56 million.
• Despite a 3.2% year-over-year decline in quarterly revenue, Eastman Chemical reported EPS of $1.60, missing the consensus estimate by $0.12.
• The company declared a quarterly dividend of $0.83 per share with a dividend yield of 4.7%, to be paid on October 7th.

Kestra Advisory Services LLC reduced its position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,686 shares of the basic materials company's stock after selling 4,934 shares during the period. Kestra Advisory Services LLC's holdings in Eastman Chemical were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Allstate Corp raised its holdings in Eastman Chemical by 236.8% in the first quarter. Allstate Corp now owns 12,064 shares of the basic materials company's stock valued at $1,063,000 after acquiring an additional 8,482 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Eastman Chemical by 33.1% in the first quarter. Ameriprise Financial Inc. now owns 575,191 shares of the basic materials company's stock valued at $50,700,000 after acquiring an additional 142,897 shares in the last quarter. Norinchukin Bank The raised its holdings in Eastman Chemical by 9.7% in the first quarter. Norinchukin Bank The now owns 4,514 shares of the basic materials company's stock valued at $398,000 after acquiring an additional 399 shares in the last quarter. Erste Asset Management GmbH raised its holdings in Eastman Chemical by 8.5% in the first quarter. Erste Asset Management GmbH now owns 63,800 shares of the basic materials company's stock valued at $5,554,000 after acquiring an additional 5,000 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Eastman Chemical in the first quarter valued at $523,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Up 1.3%

Shares of NYSE EMN traded up $0.86 during mid-day trading on Thursday, reaching $68.43. The company had a trading volume of 367,321 shares, compared to its average volume of 1,539,380. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 6.72 and a beta of 1.25. The stock has a fifty day moving average of $72.01 and a two-hundred day moving average of $79.71. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month 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 for 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%. The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities research analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical's dividend payout ratio (DPR) is presently 46.63%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMN. Royal Bank Of Canada cut their price target on shares of Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. UBS Group lowered their price objective on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. The Goldman Sachs Group lowered their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Mizuho dropped their price objective 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. Finally, KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the company an "overweight" rating in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Eastman Chemical 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.