Eastman Chemical Company $EMN Stock Position Boosted by Trexquant Investment LP

Key Points

• Trexquant Investment LP has significantly increased its stake in Eastman Chemical Company by 59.3%, owning 149,055 shares worth $13.13 million.
• Eastman Chemical recently reported $1.60 EPS for the quarter, missing estimates, and anticipates earnings guidance of 1.250 EPS for Q3 2025.
• The company has declared a quarterly dividend of $0.83 per share, representing an annual dividend yield of 4.9%, with payments scheduled for October 7th.

Trexquant Investment LP raised its position in Eastman Chemical Company (NYSE:EMN - Free Report) by 59.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,055 shares of the basic materials company's stock after acquiring an additional 55,498 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Eastman Chemical worth $13,133,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Eastman Chemical by 11,261.1% during the 1st quarter. GAMMA Investing LLC now owns 476,939 shares of the basic materials company's stock worth $42,023,000 after buying an additional 472,741 shares during the last quarter. Nuveen LLC purchased a new position in shares of Eastman Chemical during the first quarter worth approximately $26,289,000. Dimensional Fund Advisors LP raised its position in Eastman Chemical by 8.5% in 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 purchasing an additional 202,740 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Eastman Chemical by 33.1% during the 1st quarter. Ameriprise Financial Inc. now owns 575,191 shares of the basic materials company's stock worth $50,700,000 after purchasing an additional 142,897 shares during the period. Finally, Albar Capital Partners LLP purchased a new position in Eastman Chemical during the 4th quarter worth $12,930,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

EMN has been the topic of a number of analyst reports. Mizuho lowered their price objective on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Royal Bank Of Canada lowered 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. The Goldman Sachs Group reduced their target price on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. UBS Group reduced their target price on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Finally, Citigroup cut 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 report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Eastman Chemical Trading Down 2.4%

NYSE EMN traded down $1.69 during mid-day trading on Wednesday, hitting $67.74. The company's stock had a trading volume of 242,306 shares, compared to its average volume of 1,540,603. Eastman Chemical Company has a 52-week low of $56.78 and a 52-week high of $114.50. The stock's fifty day simple moving average is $72.17 and its two-hundred day simple moving average is $79.79. The firm has a market capitalization of $7.78 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 6.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78.

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 (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 firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $2.15 EPS. The firm's revenue was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Research analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently disclosed 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 dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's dividend payout ratio 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.