Vontobel Holding Ltd. Makes New Investment in Eastman Chemical Company $EMN

Key Points

• Vontobel Holding Ltd. has made a new investment in Eastman Chemical Company by acquiring 5,247 shares valued at approximately $392,000 during the second quarter of this year.
• Eastman Chemical's recent quarterly earnings report showed an EPS of $1.60, which missed analysts' estimates of $1.72, and the company's revenue was down 3.2% year-over-year.
• The firm has declared a quarterly dividend of $0.83 per share, representing an annualized dividend yield of 5.5%.

Vontobel Holding Ltd. purchased a new position in Eastman Chemical Company (NYSE:EMN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,247 shares of the basic materials company's stock, valued at approximately $392,000.

A number of other large investors have also added to or reduced their stakes in EMN. Miller Howard Investments Inc. NY bought a new stake in Eastman Chemical in the 2nd quarter worth $26,212,000. Nuveen LLC bought a new stake in Eastman Chemical in the 1st quarter worth $26,289,000. Atlantic Investment Management Inc. bought a new stake in Eastman Chemical in the 1st quarter worth $22,167,000. Dimensional Fund Advisors LP grew its holdings 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 worth $228,042,000 after acquiring an additional 202,740 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in 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 acquiring an additional 196,318 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Eastman Chemical Trading Up 0.8%

Shares of NYSE EMN opened at $60.54 on Wednesday. Eastman Chemical Company has a 1 year low of $56.78 and a 1 year high of $111.79. The stock has a market cap of $6.95 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 5.98 and a beta of 1.29. The firm has a 50-day moving average of $65.13 and a 200 day moving average of $73.49. 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 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). 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 for the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the business earned $2.15 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, sell-side analysts expect that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently declared 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. This represents a $3.32 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical's dividend payout ratio (DPR) is 46.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EMN shares. Wells Fargo & Company lifted their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. Mizuho cut their target price on shares of Eastman Chemical from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, October 3rd. Citigroup lifted their target price on shares of Eastman Chemical from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Finally, Royal Bank Of Canada set a $71.00 target price on shares of Eastman Chemical in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.62.

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.

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