Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 18,900 Shares of Eastman Chemical Company $EMN

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Eastman Chemical by 57.1%, now holding 14,200 shares valued at approximately $1.25 million.
• Eastman Chemical reported earnings of $1.60 per share for the last quarter, missing analysts' estimates of $1.72 and reflecting a year-over-year revenue decline of 3.2%.
• The company declared a quarterly dividend of $0.83 per share with an annual yield of 5.1%, payable on October 7th to shareholders of record as of September 15th.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Eastman Chemical Company (NYSE:EMN - Free Report) by 57.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 14,200 shares of the basic materials company's stock after selling 18,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Eastman Chemical were worth $1,251,000 as of its most recent filing with the SEC.

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

Eastman Chemical Stock Performance

EMN traded up $3.6350 during trading on Friday, hitting $69.6450. 825,831 shares of the company traded hands, compared to its average volume of 1,554,006. The firm has a market cap of $8.00 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 6.36 and a beta of 1.21. The stock's fifty day moving average is $73.17 and its 200 day moving average is $81.69. 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 one year low of $56.78 and a one year 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 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.12). The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. Eastman Chemical's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities analysts predict that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio is 46.63%.

Wall Street Analyst Weigh In

A number of analysts have commented on EMN shares. Wells Fargo & Company decreased their price target on shares of Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. UBS Group decreased their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. JPMorgan Chase & Co. restated a "neutral" rating and set a $76.00 price target (down previously from $112.00) on shares of Eastman Chemical in a research note on Monday, April 28th. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, The Goldman Sachs Group reduced their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $87.00.

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.