Kiker Wealth Management LLC Invests $515,000 in Eastman Chemical Company $EMN

Key Points

• Kiker Wealth Management LLC invested approximately $515,000 in Eastman Chemical Company, acquiring nearly 6,900 shares during the second quarter.
• Eastman Chemical's shares have experienced mixed analyst ratings, with eight analysts$85.54.
• The company announced a quarterly dividend of $0.83 per share, reflecting a 5.5% dividend yield and a payout ratio of 46.63%.

Kiker Wealth Management LLC purchased a new position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,894 shares of the basic materials company's stock, valued at approximately $515,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Eastman Chemical by 65.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company's stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Eastman Chemical during the second quarter worth $32,000. National Pension Service boosted its position in shares of Eastman Chemical by 75.3% during the first quarter. National Pension Service now owns 433 shares of the basic materials company's stock worth $38,000 after purchasing an additional 186 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Eastman Chemical by 46.4% during the first quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company's stock worth $47,000 after purchasing an additional 170 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Eastman Chemical during the first quarter worth $50,000. 83.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group dropped their price objective on shares of Eastman Chemical from $86.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Weiss Ratings restated a "sell (d+)" rating on shares of Eastman Chemical in a report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Mizuho dropped their price objective on shares of Eastman Chemical from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Finally, KeyCorp set a $79.00 price objective on shares of Eastman Chemical and gave the stock an "overweight" rating in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.54.

Eastman Chemical Stock Up 3.2%

Shares of EMN stock opened at $60.09 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. Eastman Chemical Company has a 1 year low of $56.78 and a 1 year high of $111.79. The firm's fifty day moving average price is $65.14 and its two-hundred day moving average price is $73.58. The firm has a market capitalization of $6.90 billion, a P/E ratio of 8.44, a PEG ratio of 5.79 and a beta of 1.29.

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 firm 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 quarter 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. On average, equities analysts predict that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were paid a dividend of $0.83 per share. The ex-dividend date was Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 5.5%. 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.

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