EntryPoint Capital LLC Invests $523,000 in Eastman Chemical Company $EMN

Key Points

• EntryPoint Capital LLC has made a new investment in Eastman Chemical Company, purchasing 5,933 shares valued at approximately $523,000 during the first quarter.
• Multiple institutional investors have increased their stakes in Eastman Chemical, resulting in 83.65% of the company's stock being owned by institutions and hedge funds.
• Eastman Chemical's stock recently opened at $66.71, and declared a quarterly dividend of $0.83 per share, yielding 5.0% annually.

EntryPoint Capital LLC purchased a new stake in shares of Eastman Chemical Company (NYSE:EMN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,933 shares of the basic materials company's stock, valued at approximately $523,000.

Other institutional investors have also added to or reduced their stakes in the company. Holderness Investments Co. raised its holdings in shares of Eastman Chemical by 1.2% during the 1st quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company's stock worth $922,000 after acquiring an additional 125 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Eastman Chemical by 15.0% during the first quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company's stock valued at $92,000 after purchasing an additional 136 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its position in Eastman Chemical by 4.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company's stock valued at $291,000 after purchasing an additional 143 shares during the last quarter. Prudent Man Advisors LLC grew its stake in shares of Eastman Chemical by 2.2% in the 1st quarter. Prudent Man Advisors LLC now owns 6,651 shares of the basic materials company's stock worth $586,000 after buying an additional 144 shares in the last quarter. Finally, Burney Co. increased its holdings in shares of Eastman Chemical by 0.9% in the 1st quarter. Burney Co. now owns 18,083 shares of the basic materials company's stock worth $1,593,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Eastman Chemical Trading Down 1.7%

Shares of NYSE:EMN traded down $1.16 on Monday, hitting $68.28. 301,519 shares of the company's stock were exchanged, compared to its average volume of 1,549,992. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 6.63 and a beta of 1.21. Eastman Chemical Company has a 12 month low of $56.78 and a 12 month 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's 50 day simple moving average is $73.04 and its two-hundred day simple moving average is $81.18.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its 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 return on equity of 15.24% and a net margin of 8.96%.The company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the business posted $2.15 earnings per share. The business's 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. Analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Mizuho lowered their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, August 1st. KeyCorp set a $79.00 price objective on Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. Barclays cut their target price 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. Royal Bank Of Canada decreased their price target on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Eastman Chemical from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus 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.