Rep. Lisa C. McClain Purchases Shares of Eastman Chemical Company (NYSE:EMN)

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 Stock Performance

Shares of EMN opened at $66.6410 on Thursday. The firm has a 50-day moving average price of $73.43 and a 200 day moving average price of $81.93. The firm has a market capitalization of $7.65 billion, a PE ratio of 9.36, a P/E/G ratio of 6.37 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 Company has a 52-week low of $56.78 and a 52-week high of $114.50.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced 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 company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, sell-side analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently announced 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 yield of 5.0%. The ex-dividend date is Monday, September 15th. Eastman Chemical's dividend payout ratio is currently 46.63%.

Institutional Trading of Eastman Chemical

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Eastman Chemical by 0.5% during the second quarter. Vanguard Group Inc. now owns 14,659,591 shares of the basic materials company's stock worth $1,094,485,000 after purchasing an additional 79,988 shares during the period. Capital Research Global Investors raised its position in Eastman Chemical by 13.4% during the fourth quarter. Capital Research Global Investors now owns 5,886,564 shares of the basic materials company's stock valued at $537,561,000 after acquiring an additional 697,388 shares in the last quarter. Invesco Ltd. raised its position in Eastman Chemical by 6.8% during the second quarter. Invesco Ltd. now owns 2,993,687 shares of the basic materials company's stock valued at $223,509,000 after acquiring an additional 191,461 shares in the last quarter. Geode Capital Management LLC raised its position in Eastman Chemical by 1.4% during the second quarter. Geode Capital Management LLC now owns 2,955,625 shares of the basic materials company's stock valued at $220,252,000 after acquiring an additional 39,510 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Eastman Chemical by 5.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,934,952 shares of the basic materials company's stock valued at $219,124,000 after acquiring an additional 155,574 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on EMN. Wells Fargo & Company reduced their price objective on shares of Eastman Chemical from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. JPMorgan Chase & Co. restated a "neutral" rating and set a $76.00 price objective (down previously from $112.00) on shares of Eastman Chemical in a research report on Monday, April 28th. Barclays reduced their price objective on shares of Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. The Goldman Sachs Group reduced their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada reduced their price objective on shares of Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating for the company in a research report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Eastman Chemical presently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

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.

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