Martin Capital Partners LLC Buys 5,557 Shares of Eastman Chemical Company $EMN

Key Points

• Martin Capital Partners LLC increased its stake in Eastman Chemical Company by 211.1%, purchasing an additional 5,557 shares to bring its total holdings to 8,189 shares valued at approximately $611,000.
• Eastman Chemical's stock recently reported a 1.3% decline, opening at $67.07, with a market cap of $7.70 billion and a PE ratio of 9.42.
• The company missed earnings expectations in its recent quarterly report, posting $1.60 EPS against a consensus estimate of $1.72, while revenue decreased by 3.2% year-over-year.

Martin Capital Partners LLC raised its holdings in Eastman Chemical Company (NYSE:EMN - Free Report) by 211.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,189 shares of the basic materials company's stock after buying an additional 5,557 shares during the period. Martin Capital Partners LLC's holdings in Eastman Chemical were worth $611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. National Pension Service lifted its holdings 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 purchasing an additional 186 shares during the last quarter. Orion Capital Management LLC bought a new stake in Eastman Chemical in the 4th quarter valued at $47,000. TD Private Client Wealth LLC boosted its stake 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 purchasing an additional 170 shares during the period. Wayfinding Financial LLC bought a new stake in Eastman Chemical in the 1st quarter valued at $50,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Eastman Chemical by 105.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 618 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 317 shares during the period. Institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

EMN has been the topic of several recent research reports. The Goldman Sachs Group lowered their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Citigroup lowered their price objective on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. UBS Group cut their target price on Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Wells Fargo & Company raised their price target on Eastman Chemical from $70.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Mizuho decreased their price target on Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $87.77.

Eastman Chemical Price Performance

NYSE:EMN traded down $1.13 during trading hours on Friday, hitting $65.33. The company's stock had a trading volume of 580,049 shares, compared to its average volume of 1,538,500. The stock has a fifty day simple moving average of $69.44 and a 200-day simple moving average of $77.28. The company has a market capitalization of $7.50 billion, a P/E ratio of 9.17, a PEG ratio of 6.36 and a beta of 1.25. 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 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). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $2.15 earnings per share. The business's quarterly revenue was down 3.2% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, September 15th. Eastman Chemical's payout ratio is 46.63%.

About Eastman Chemical

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.