Tectonic Advisors LLC Acquires Shares of 5,792 Eastman Chemical Company $EMN

Key Points

• Tectonic Advisors LLC acquired 5,792 shares of Eastman Chemical Company, valued at approximately $432,000, in the second quarter.
• Eastman Chemical's stock received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price averaging $85.54.
• The company announced a quarterly dividend of $0.83 per share, representing a 5.7% yield, with a payout ratio of 46.63%.

Tectonic Advisors LLC acquired a new stake in Eastman Chemical Company (NYSE:EMN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,792 shares of the basic materials company's stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake 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 valued at $28,000 after buying an additional 146 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Eastman Chemical during the 2nd quarter worth approximately $32,000. National Pension Service lifted its holdings in Eastman Chemical by 75.3% during the 1st 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. TD Private Client Wealth LLC increased its stake in Eastman Chemical by 46.4% during the 1st 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. Finally, Wayfinding Financial LLC acquired a new position in Eastman Chemical in the 1st quarter valued at $50,000. Institutional investors own 83.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EMN. Weiss Ratings reissued a "sell (d+)" rating on shares of Eastman Chemical in a report on Wednesday. Wells Fargo & Company increased their target price on Eastman Chemical from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Royal Bank Of Canada reduced their target price on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. Mizuho reduced their target price on Eastman Chemical from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Finally, UBS Group reduced their target price on Eastman Chemical from $86.00 to $75.00 and set a "buy" rating on the stock in a report on Monday. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.54.

Eastman Chemical Trading Down 4.7%

Shares of EMN opened at $58.20 on Friday. Eastman Chemical Company has a 52-week low of $56.78 and a 52-week high of $111.79. The business's fifty day moving average is $65.16 and its 200-day moving average is $73.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 6.08 and a beta of 1.29.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.12). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business 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. Equities analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 15th were given a dividend of $0.83 per share. The ex-dividend date was Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a yield of 5.7%. 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.

Want to see what other hedge funds are holding EMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eastman Chemical Company (NYSE:EMN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.