Campbell & CO Investment Adviser LLC Has $2.05 Million Stake in Eastman Chemical Company $EMN

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Eastman Chemical by 79.0% during Q1, owning 23,222 shares valued at $2,046,000.
• Eastman Chemical recently reported a miss in EPS estimates for its quarterly earnings, with $1.60 EPS versus a forecast of $1.72, while revenue of $2.29 billion also fell short of expectations.
• The company declared a quarterly dividend of $0.83, with an annualized yield of 4.8%, indicating a payout ratio of 46.63%.

Campbell & CO Investment Adviser LLC increased its holdings in Eastman Chemical Company (NYSE:EMN - Free Report) by 79.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,222 shares of the basic materials company's stock after acquiring an additional 10,248 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Eastman Chemical were worth $2,046,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Eastman Chemical by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company's stock worth $228,042,000 after acquiring an additional 202,740 shares in 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 worth $208,011,000 after acquiring an additional 35,793 shares in the last quarter. Northern Trust Corp lifted its stake in Eastman Chemical by 1.2% in the 1st quarter. Northern Trust Corp now owns 1,393,932 shares of the basic materials company's stock worth $122,819,000 after acquiring an additional 16,532 shares in the last quarter. 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 worth $112,717,000 after acquiring an additional 13,886 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Eastman Chemical by 9.3% in the 1st quarter. Truist Financial Corp now owns 1,265,857 shares of the basic materials company's stock worth $111,535,000 after acquiring an additional 107,750 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Trading Down 0.9%

Shares of Eastman Chemical stock traded down $0.64 during trading on Thursday, reaching $68.20. 1,267,260 shares of the company were exchanged, compared to its average volume of 1,548,362. Eastman Chemical Company has a twelve month low of $56.78 and a twelve month high of $114.50. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 6.52 and a beta of 1.21. The business has a 50-day moving average price of $72.62 and a 200-day moving average price of $80.80.

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

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders 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 annualized dividend and a dividend yield of 4.9%. Eastman Chemical's dividend payout ratio (DPR) is currently 46.63%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EMN. The Goldman Sachs Group reduced their price objective on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. KeyCorp set a $79.00 price target on Eastman Chemical and gave the stock an "overweight" rating in a research note on Monday, August 4th. Citigroup cut their price target on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Mizuho cut their price target on 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, Royal Bank Of Canada cut their price target on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating for the company in a research note on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Eastman Chemical presently has an average rating of "Moderate Buy" and a consensus price target 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.