EntryPoint Capital LLC Makes New Investment 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 position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,933 shares of the basic materials company's stock, valued at approximately $523,000.

Other institutional investors also recently added to or reduced their stakes in the company. National Pension Service boosted its position in Eastman Chemical by 75.3% during the 1st quarter. National Pension Service now owns 433 shares of the basic materials company's stock worth $38,000 after acquiring an additional 186 shares during the period. Orion Capital Management LLC acquired a new position in Eastman Chemical during the 4th quarter worth $47,000. TD Private Client Wealth LLC lifted its holdings in shares of Eastman Chemical by 46.4% in the first quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company's stock valued at $47,000 after buying an additional 170 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Eastman Chemical in the first quarter valued at $50,000. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Eastman Chemical by 68.5% in the fourth quarter. Johnson Financial Group Inc. now owns 556 shares of the basic materials company's stock valued at $55,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EMN shares. Mizuho cut their price objective on Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Wells Fargo & Company cut their price objective on Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Wall Street Zen lowered Eastman Chemical from a "buy" rating to a "hold" rating in a report on Monday, April 28th. The Goldman Sachs Group cut their price objective on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $76.00 price objective (down previously from $112.00) on shares of Eastman Chemical in a report on Monday, April 28th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.00.

Eastman Chemical Stock Up 1.4%

Shares of Eastman Chemical stock opened at $66.7070 on Wednesday. The stock's fifty day moving average is $73.70 and its 200-day moving average is $82.03. The firm has a market capitalization of $7.66 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 6.28 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. 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 earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 15.24% and a net margin of 8.96%.The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Equities analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's payout ratio 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.

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