Erste Asset Management GmbH Has $5.55 Million Stock Holdings in Eastman Chemical Company $EMN

Key Points

• Erste Asset Management GmbH increased its stake in Eastman Chemical Company by 8.5% during the first quarter, owning 63,800 shares valued at approximately $5.55 million.
• Several institutional investors, including the National Pension Service and TD Private Client Wealth LLC, have significantly raised their holdings in Eastman Chemical, indicating strong interest among hedge funds.
• Analysts have set varied price targets for Eastman Chemical, with estimates ranging from $65.00 to $115.00, reflecting mixed opinions on the stock's performance amidst recent earnings misses.

Erste Asset Management GmbH raised its position in Eastman Chemical Company (NYSE:EMN - Free Report) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,800 shares of the basic materials company's stock after buying an additional 5,000 shares during the quarter. Erste Asset Management GmbH owned 0.06% of Eastman Chemical worth $5,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service grew its holdings in Eastman Chemical by 75.3% in the 1st quarter. National Pension Service now owns 433 shares of the basic materials company's stock valued at $38,000 after buying an additional 186 shares in the last quarter. Orion Capital Management LLC acquired a new position in Eastman Chemical in the 4th quarter valued at $47,000. TD Private Client Wealth LLC grew its holdings 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 buying an additional 170 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Eastman Chemical in the 1st quarter valued at $50,000. Finally, Johnson Financial Group Inc. grew its holdings 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 buying an additional 226 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup decreased their price objective on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, August 4th. KeyCorp set a $79.00 target price on Eastman Chemical and gave the stock an "overweight" rating in a report on Monday, August 4th. Morgan Stanley reduced their target price on Eastman Chemical from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $76.00 target price (down from $112.00) on shares of Eastman Chemical in a report on Monday, April 28th. Finally, The Goldman Sachs Group reduced their target price on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.00.

Eastman Chemical Stock Performance

NYSE:EMN opened at $66.6410 on Thursday. The stock's 50-day simple moving average is $73.43 and its 200 day simple moving average is $81.93. The firm has a market capitalization of $7.65 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 6.37 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 twelve month low of $56.78 and a twelve month high of $114.50.

Eastman Chemical (NYSE:EMN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 earnings per share 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 net margin of 8.96% and a return on equity of 15.24%. The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

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