Hsbc Holdings PLC Has $17.88 Million Stock Position in Eastman Chemical Company $EMN

Key Points

• Hsbc Holdings PLC reduced its stake in Eastman Chemical Company by 19.8%, owning approximately 203,554 shares valued at $17.88 million after selling 50,332 shares.
• Eastman Chemical reported $1.60 EPS for the latest quarter, missing the consensus estimate of $1.72, with a year-over-year revenue decline of 3.2%.
• The company has announced a quarterly dividend of $0.83 per share, representing an annual yield of 4.8% and a dividend payout ratio of approximately 46.63%.

Hsbc Holdings PLC reduced its holdings in Eastman Chemical Company (NYSE:EMN - Free Report) by 19.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 203,554 shares of the basic materials company's stock after selling 50,332 shares during the quarter. Hsbc Holdings PLC owned approximately 0.18% of Eastman Chemical worth $17,884,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. National Pension Service lifted its position 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 worth $38,000 after buying an additional 186 shares during the last quarter. Orion Capital Management LLC bought a new stake in Eastman Chemical in the 4th quarter valued at about $47,000. TD Private Client Wealth LLC lifted its position in 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 purchasing an additional 170 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Eastman Chemical in the 1st quarter valued at about $50,000. Finally, Johnson Financial Group Inc. lifted its position in 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 purchasing an additional 226 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EMN shares. KeyCorp set a $79.00 price objective on shares of Eastman Chemical and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group cut their price objective on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Wells Fargo & Company cut their price objective on shares of Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. The Goldman Sachs Group cut their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada lowered their target price on shares of Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.00.

Eastman Chemical Price Performance

Shares of EMN traded down $0.63 during mid-day trading on Thursday, hitting $68.21. The company's stock had a trading volume of 508,600 shares, compared to its average volume of 1,543,501. The firm has a 50-day moving average price of $72.62 and a 200 day moving average price of $80.80. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 6.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78. 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 data on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.12). The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The business's revenue for the quarter was down 3.2% on a year-over-year basis. 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. On average, research analysts predict that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

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

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.