Quantbot Technologies LP Grows Stake in Eastman Chemical Company $EMN

Key Points

• Quantbot Technologies LP significantly increased its stake in Eastman Chemical Company, raising its position by 301.5% during the first quarter, and now holds shares valued at $1.124 million.
• On Wall Street, analysts have recently forecasted varying price targets for Eastman Chemical, with Royal Bank of Canada lowering its forecast from $91.00 to $74.00 while maintaining an "outperform" rating.
• Eastman Chemical announced a quarterly dividend of $0.83 per share, reflecting a dividend yield of 4.8%, with the dividend set to be paid on October 7th.

Quantbot Technologies LP lifted its holdings in Eastman Chemical Company (NYSE:EMN - Free Report) by 301.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,756 shares of the basic materials company's stock after acquiring an additional 9,579 shares during the period. Quantbot Technologies LP's holdings in Eastman Chemical were worth $1,124,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service lifted its stake 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 purchasing an additional 186 shares during the last quarter. Orion Capital Management LLC purchased a new position in shares of Eastman Chemical during the fourth quarter worth approximately $47,000. TD Private Client Wealth LLC increased 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 acquiring an additional 170 shares during the period. Wayfinding Financial LLC purchased a new position in Eastman Chemical during the first quarter valued at approximately $50,000. Finally, Johnson Financial Group Inc. increased its holdings in Eastman Chemical by 68.5% during the fourth quarter. Johnson Financial Group Inc. now owns 556 shares of the basic materials company's stock valued at $55,000 after buying an additional 226 shares during the period. Institutional investors own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EMN shares. Mizuho cut their price objective 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. UBS Group lowered their price objective on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. The Goldman Sachs Group lowered their price objective 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. Wells Fargo & Company lowered their price objective on shares of Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Finally, Citigroup lowered their price objective 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 given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Eastman Chemical Stock Performance

EMN traded down $0.63 on Thursday, reaching $68.21. The stock had a trading volume of 508,600 shares, compared to its average volume of 1,543,501. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month 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 business's 50-day moving average price is $72.62 and its two-hundred day moving average price is $80.80. The company has a market cap of $7.83 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 6.52 and a beta of 1.21.

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 analysts' consensus estimates of $1.72 by ($0.12). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the previous year, the firm posted $2.15 EPS. The firm's quarterly revenue was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Sell-side analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical's payout ratio is currently 46.63%.

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.