Nuveen LLC Takes Position in Eastman Chemical Company $EMN

Nuveen LLC bought a new stake in Eastman Chemical Company (NYSE:EMN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 298,370 shares of the basic materials company's stock, valued at approximately $26,289,000. Nuveen LLC owned approximately 0.26% of Eastman Chemical at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EMN. Capital World Investors bought a new position in shares of Eastman Chemical during the fourth quarter valued at $137,848,000. Capital Research Global Investors grew its holdings in shares of Eastman Chemical by 13.4% during the fourth quarter. Capital Research Global Investors now owns 5,886,564 shares of the basic materials company's stock valued at $537,561,000 after buying an additional 697,388 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Eastman Chemical by 11,261.1% during the first quarter. GAMMA Investing LLC now owns 476,939 shares of the basic materials company's stock valued at $42,023,000 after buying an additional 472,741 shares during the last quarter. Albar Capital Partners LLP acquired a new position in shares of Eastman Chemical during the fourth quarter valued at about $12,930,000. Finally, Royal Bank of Canada grew its holdings in shares of Eastman Chemical by 42.3% during the fourth quarter. Royal Bank of Canada now owns 467,787 shares of the basic materials company's stock valued at $42,717,000 after buying an additional 139,099 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Eastman Chemical Stock Performance

Shares of NYSE EMN traded down $0.5950 during midday trading on Thursday, hitting $66.0250. The company's stock had a trading volume of 579,506 shares, compared to its average volume of 1,556,540. The stock has a fifty day moving average price of $73.43 and a 200 day moving average price of $81.93. Eastman Chemical Company has a one year low of $56.78 and a one year high of $114.50. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 6.37 and a beta of 1.21.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) 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 the consensus estimate of $2.32 billion. During the same period last year, the firm earned $2.15 EPS. The business's revenue for the quarter was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, research analysts forecast that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's dividend payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMN. Citigroup cut their price target on shares of Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, August 4th. UBS Group cut their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Mizuho cut their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Royal Bank Of Canada cut their price target on shares of Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $76.00 price target (down from $112.00) on shares of Eastman Chemical in a report on Monday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Eastman Chemical has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Eastman Chemical 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.