Rep. Lisa C. McClain Buys Eastman Chemical Company (NYSE:EMN) Stock

Key Points

• Representative Lisa C. McClain purchased shares of Eastman Chemical Company (NYSE:EMN) valued between $1,001 and $15,000 on June 17, 2023, as per a filing disclosed on August 13.
• Eastman Chemical recently missed earnings estimates for the quarter, reporting $1.60 EPS versus the expected $1.72 EPS, with revenues of $2.29 billion compared to expectations of $2.32 billion.
• The company announced a quarterly dividend of $0.83 per share, which represents an annualized yield of 5.0%, payable on October 7, 2025.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Eastman Chemical Company NYSE: EMN. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Eastman Chemical stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Eastman Chemical Price Performance

NYSE:EMN traded down $0.11 during trading hours on Tuesday, reaching $68.35. The company had a trading volume of 1,252,662 shares, compared to its average volume of 2,033,231. The stock has a 50-day moving average of $72.73 and a two-hundred day moving average of $80.88. Eastman Chemical Company has a one year low of $56.78 and a one year high of $114.50. The firm has a market capitalization of $7.85 billion, a PE ratio of 9.60, a PEG ratio of 6.54 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81.

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

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders 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 yield of 4.9%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EMN shares. Barclays decreased their target price on Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen cut Eastman Chemical from a "buy" rating to a "hold" rating in a report on Monday, April 28th. KeyCorp set a $79.00 target price on Eastman Chemical and gave the stock an "overweight" rating in a report on Monday, August 4th. UBS Group decreased their target price on Eastman Chemical from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Finally, Mizuho cut their price target on Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. 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 $87.00.

Hedge Funds Weigh In On Eastman Chemical

Several hedge funds have recently added to or reduced their stakes in EMN. Brighton Jones LLC acquired a new position in Eastman Chemical in the fourth quarter valued at about $202,000. Russell Investments Group Ltd. lifted its stake in Eastman Chemical by 9.4% in the fourth quarter. Russell Investments Group Ltd. now owns 39,637 shares of the basic materials company's stock valued at $3,619,000 after buying an additional 3,392 shares during the period. Federated Hermes Inc. lifted its stake in Eastman Chemical by 423.6% in the fourth quarter. Federated Hermes Inc. now owns 1,754 shares of the basic materials company's stock valued at $160,000 after buying an additional 1,419 shares during the period. Renaissance Technologies LLC raised its position in shares of Eastman Chemical by 127.3% during the fourth quarter. Renaissance Technologies LLC now owns 173,040 shares of the basic materials company's stock worth $15,802,000 after purchasing an additional 96,900 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Eastman Chemical by 1.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 66,845 shares of the basic materials company's stock worth $6,104,000 after purchasing an additional 925 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.