Jones Financial Companies Lllp Acquires 196,318 Shares of Eastman Chemical Company $EMN

Key Points

• Jones Financial Companies Lllp significantly increased its holdings in Eastman Chemical Company by 5,315.9% in Q1, owning 200,011 shares valued at approximately $17.6 million after purchasing an additional 196,318 shares.
• Multiple analysts have adjusted their price targets for Eastman Chemical, with Royal Bank of Canada lowering it from $91 to $74, while eight analysts maintain a Buy rating and five assign a Hold rating, resulting in a consensus rating of "Moderate Buy."
• Eastman Chemical announced a quarterly dividend of $0.83 per share, yielding 4.8%, with the payout ratio currently at 46.63% and the ex-dividend date set for September 15.

Jones Financial Companies Lllp grew its position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 5,315.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,011 shares of the basic materials company's stock after acquiring an additional 196,318 shares during the quarter. Jones Financial Companies Lllp owned 0.17% of Eastman Chemical worth $17,623,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Eastman Chemical by 5.9% during the 1st quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company's stock worth $13,702,000 after acquiring an additional 8,708 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Eastman Chemical by 36.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company's stock worth $267,000 after purchasing an additional 816 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Eastman Chemical during the 1st quarter worth approximately $1,494,000. Farther Finance Advisors LLC raised its stake in shares of Eastman Chemical by 12.8% during the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company's stock worth $167,000 after purchasing an additional 214 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Eastman Chemical by 882.3% during the 1st quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company's stock worth $83,000 after purchasing an additional 847 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

EMN has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price objective on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Citigroup decreased their target price on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Wells Fargo & Company decreased their target price on Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada decreased their target price 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, Mizuho decreased their target price on Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.

Eastman Chemical Stock Performance

EMN traded down $2.56 during trading on Wednesday, hitting $65.04. The stock had a trading volume of 2,356,977 shares, compared to its average volume of 1,262,469. The company has a 50 day moving average price of $71.08 and a 200-day moving average price of $78.56. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 6.46 and a beta of 1.25. Eastman Chemical Company has a one year low of $56.78 and a one year 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.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced 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 company 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%. Eastman Chemical's revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, research analysts predict that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be issued 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 5.1%. Eastman Chemical's payout ratio is currently 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.