Robeco Institutional Asset Management B.V. Sells 14,764 Shares of Eastman Chemical Company $EMN

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 64.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,015 shares of the basic materials company's stock after selling 14,764 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Eastman Chemical were worth $598,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Eastman Chemical by 65.5% during 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 last quarter. National Pension Service raised 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 buying an additional 186 shares during the last quarter. TD Private Client Wealth LLC raised 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 buying 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. raised 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 buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $62.32 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $7.16 billion, a PE ratio of 8.75, a P/E/G ratio of 6.21 and a beta of 1.29. Eastman Chemical Company has a twelve month low of $56.78 and a twelve month high of $111.79. The company has a 50-day moving average price of $65.41 and a two-hundred day moving average price of $74.40.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its earnings results 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). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.Eastman Chemical's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Equities analysts forecast that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is currently 46.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EMN. 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. UBS Group lowered their target price on shares of Eastman Chemical from $86.00 to $75.00 and set a "buy" rating for the company in a report on Monday. 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. Mizuho lowered their target price on shares of Eastman Chemical from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. Finally, Citigroup increased their target price on shares of Eastman Chemical from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Eastman Chemical presently has a consensus rating of "Moderate Buy" and an average price target of $85.54.

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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