Steward Partners Investment Advisory LLC Buys 31,115 Shares of Eastman Chemical Company $EMN

Key Points

• Steward Partners Investment Advisory LLC significantly increased its stake in Eastman Chemical Company by 213.8%, now holding 45,666 shares valued at $4.02 million.
• Eastman Chemical reported earnings of $1.60 per share, missing analysts' estimates and registering a 3.2% decline in quarterly revenue compared to last year.
• The company has announced a quarterly dividend of $0.83 per share, yielding 5.0%, with a payout ratio of 46.63%.

Steward Partners Investment Advisory LLC increased its stake in Eastman Chemical Company (NYSE:EMN - Free Report) by 213.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,666 shares of the basic materials company's stock after purchasing an additional 31,115 shares during the period. Steward Partners Investment Advisory LLC's holdings in Eastman Chemical were worth $4,024,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Eastman Chemical by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company's stock valued at $228,042,000 after acquiring an additional 202,740 shares during the last quarter. Earnest Partners LLC raised its position in shares of Eastman Chemical by 1.6% during the 4th quarter. Earnest Partners LLC now owns 2,277,827 shares of the basic materials company's stock valued at $208,011,000 after acquiring an additional 35,793 shares during the last quarter. Northern Trust Corp raised its position in shares of Eastman Chemical by 10.3% during the 4th quarter. Northern Trust Corp now owns 1,377,400 shares of the basic materials company's stock valued at $125,784,000 after acquiring an additional 128,488 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Eastman Chemical by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,279,279 shares of the basic materials company's stock valued at $112,717,000 after acquiring an additional 13,886 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Eastman Chemical by 9.3% during the 1st quarter. Truist Financial Corp now owns 1,265,857 shares of the basic materials company's stock valued at $111,535,000 after acquiring an additional 107,750 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

EMN has been the subject of several recent research reports. UBS Group dropped their target price on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Wells Fargo & Company dropped their target price on shares of Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. KeyCorp set a $79.00 price objective on shares of Eastman Chemical and gave the company an "overweight" rating in a research report on Monday, August 4th. Mizuho lowered their price objective on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Finally, Morgan Stanley lowered their price objective on shares of Eastman Chemical from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.00.

Eastman Chemical Stock Down 1.3%

NYSE EMN traded down $0.8990 on Monday, reaching $68.5410. The company had a trading volume of 1,103,258 shares, compared to its average volume of 2,026,438. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 6.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. Eastman Chemical Company has a 1-year low of $56.78 and a 1-year high of $114.50. The company's fifty day moving average is $72.87 and its 200-day moving average is $80.97.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced 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 company had revenue of $2.29 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. 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 earnings per share 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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is 46.63%.

Eastman Chemical Company 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.