3,825 Shares in Eastman Chemical Company $EMN Purchased by Perbak Capital Partners LLP

Key Points

• Perbak Capital Partners LLP acquired a new stake in Eastman Chemical Company, purchasing 3,825 shares valued at approximately $337,000 during the first quarter.
• Several institutional investors increased their stakes in Eastman Chemical, with the National Pension Service raising its position by 75.3%.
• Eastman Chemical recently announced a quarterly dividend of $0.83 per share, yielding 4.7%, with a payout ratio of 46.63%.

Perbak Capital Partners LLP acquired a new position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,825 shares of the basic materials company's stock, valued at approximately $337,000.

Other large investors have also added to or reduced their stakes in the company. National Pension Service boosted its holdings in 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 during the last quarter. Orion Capital Management LLC acquired a new position in Eastman Chemical during the fourth quarter worth $47,000. TD Private Client Wealth LLC boosted its holdings in 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 during the last quarter. Wayfinding Financial LLC acquired a new position in Eastman Chemical during the first quarter worth $50,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Eastman Chemical by 105.3% during the first quarter. Salem Investment Counselors Inc. now owns 618 shares of the basic materials company's stock worth $55,000 after purchasing an additional 317 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Ratings Changes

EMN has been the subject of several recent research reports. Mizuho reduced 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. UBS Group reduced 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. The Goldman Sachs Group cut their price target on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup cut their price target on shares of Eastman Chemical from $90.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Eastman Chemical presently has an average rating of "Moderate Buy" and an average price target of $87.00.

Eastman Chemical Stock Performance

Shares of EMN traded up $0.37 during trading hours on Friday, hitting $68.97. The company had a trading volume of 1,172,170 shares, compared to its average volume of 1,264,518. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 6.60 and a beta of 1.26. The business has a fifty day moving average of $71.71 and a 200-day moving average of $78.94. Eastman Chemical Company has a 12 month low of $56.78 and a 12 month high of $114.50. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued 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 the consensus estimate 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 for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Equities analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is currently 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.