Wellington Management Group LLP Acquires 4,683 Shares of Eastman Chemical Company $EMN

Key Points

• Wellington Management Group LLP increased its stake in Eastman Chemical Company by 27.7%, now holding 21,583 shares valued at approximately $1.90 million.
• Eastman Chemical reported quarterly earnings of $1.60 EPS, missing expectations of $1.72, with revenue decreasing 3.2% year-over-year.
• The company announced a quarterly dividend of $0.83 per share, representing a 4.7% dividend yield, to be paid on October 7th.

Wellington Management Group LLP boosted its stake in shares of Eastman Chemical Company (NYSE:EMN - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,583 shares of the basic materials company's stock after acquiring an additional 4,683 shares during the quarter. Wellington Management Group LLP's holdings in Eastman Chemical were worth $1,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service lifted its stake in shares of Eastman Chemical by 75.3% in the 1st quarter. National Pension Service now owns 433 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 186 shares during the last quarter. Orion Capital Management LLC purchased a new position in Eastman Chemical during the 4th quarter worth approximately $47,000. TD Private Client Wealth LLC grew 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 buying an additional 170 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Eastman Chemical in the 1st quarter valued at approximately $50,000. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of Eastman Chemical by 105.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 618 shares of the basic materials company's stock valued at $55,000 after buying an additional 317 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Eastman Chemical Stock Up 1.3%

NYSE EMN traded up $0.86 during trading on Thursday, hitting $68.43. 367,321 shares of the company traded hands, compared to its average volume of 1,539,380. Eastman Chemical Company has a 12 month low of $56.78 and a 12 month high of $114.50. The business has a fifty day simple moving average of $72.01 and a 200 day simple moving average of $79.71. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $7.86 billion, a P/E ratio of 9.61, a PEG ratio of 6.72 and a beta of 1.25.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the business earned $2.15 earnings per share. Eastman Chemical's quarterly 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 predict that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a $0.83 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical's payout ratio is 46.63%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EMN shares. Wells Fargo & Company reduced their price objective on Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Monday, August 4th. The Goldman Sachs Group dropped their target price on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. UBS Group reduced their price target on Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. Citigroup reduced their price target on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating for the company in a report on Monday, August 4th. Finally, KeyCorp set a $79.00 price objective on Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Eastman Chemical has an average rating of "Moderate Buy" and an average target price of $87.00.

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.