UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $53.43 Million Stock Holdings in Eastman Chemical Company $EMN

Key Points

• UBS Asset Management increased its stake in Eastman Chemical by 4.2%, holding approximately 606,354 shares valued at $53.43 million by the end of the first quarter.
• Major hedge funds also adjusted their positions in Eastman Chemical, with Millennium Management's stake rising by 6,019.3% during the fourth quarter.
• Eastman Chemical's stock currently holds a Moderate Buy rating from analysts, with an average price target of $87.00, down from previous estimates by firms like Goldman Sachs and Mizuho.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Eastman Chemical Company (NYSE:EMN - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 606,354 shares of the basic materials company's stock after buying an additional 24,183 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.53% of Eastman Chemical worth $53,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Eastman Chemical by 11,261.1% in the 1st quarter. GAMMA Investing LLC now owns 476,939 shares of the basic materials company's stock worth $42,023,000 after purchasing an additional 472,741 shares during the last quarter. Nuveen LLC bought a new stake in shares of Eastman Chemical in the 1st quarter worth about $26,289,000. Atlantic Investment Management Inc. bought a new stake in shares of Eastman Chemical in the 1st quarter worth about $22,167,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $228,042,000 after purchasing an additional 202,740 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Eastman Chemical by 5,315.9% in the 1st quarter. Jones Financial Companies Lllp now owns 200,011 shares of the basic materials company's stock worth $17,623,000 after purchasing an additional 196,318 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in 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 on the stock in a report on Thursday, August 7th. Citigroup lowered their target price on shares of Eastman Chemical from $90.00 to $68.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Wells Fargo & Company upped their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group reduced their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $87.77.

Eastman Chemical Trading Down 2.0%

Eastman Chemical stock traded down $1.33 during trading hours on Friday, reaching $65.13. 3,136,912 shares of the company's stock traded hands, compared to its average volume of 1,348,881. 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 fifty-two week low of $56.78 and a fifty-two week high of $114.50. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 6.40 and a beta of 1.25. The firm's 50 day moving average is $69.14 and its 200-day moving average is $77.09.

Eastman Chemical (NYSE:EMN - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) 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 analyst estimates of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter 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, analysts predict that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) 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.