Park Avenue Securities LLC Makes New $679,000 Investment in Eastman Chemical Company $EMN

Key Points

• Park Avenue Securities LLC made a new investment in Eastman Chemical Company, acquiring 9,089 shares valued at approximately $679,000 during the 2nd quarter.
• Eastman Chemical recently reported an EPS of $1.60 for the last quarter, missing analysts' estimates and showing a 3.2% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.83, providing shareholders with a 5.3% annual yield, and its payout ratio stands at 46.63%.

Park Avenue Securities LLC acquired a new position in Eastman Chemical Company (NYSE:EMN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,089 shares of the basic materials company's stock, valued at approximately $679,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Eastman Chemical by 65.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company's stock worth $28,000 after buying an additional 146 shares during the period. National Pension Service lifted its holdings in Eastman Chemical by 75.3% in the first quarter. National Pension Service now owns 433 shares of the basic materials company's stock worth $38,000 after buying an additional 186 shares during the period. TD Private Client Wealth LLC lifted its holdings 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 valued at $47,000 after purchasing an additional 170 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Eastman Chemical during the first quarter valued at approximately $50,000. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of Eastman Chemical by 105.3% during the first 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 last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Trading Up 2.3%

NYSE:EMN opened at $62.71 on Monday. 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 12 month low of $56.78 and a 12 month high of $114.50. The company has a market cap of $7.20 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 6.08 and a beta of 1.26. The company has a 50 day simple moving average of $67.68 and a two-hundred day simple moving average of $75.71.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.12). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The company 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 posted $2.15 EPS. The company'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. Research analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The business also recently announced 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 yield of 5.3%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's payout ratio is 46.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a report on Friday, August 1st. The Goldman Sachs Group lowered their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Wells Fargo & Company lifted their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. UBS Group lowered their target price on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. Finally, KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the company an "overweight" rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.77.

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.

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