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

Key Points

• Representative Lisa C. McClain sold shares of Eastman Chemical Company (NYSE:EMN) valued between $1,001 and $15,000 on August 4th, with the filing disclosed on September 12th.
• Eastman Chemical's stock experienced a price increase of $0.79, reaching $65.94, although its quarterly earnings missed analysts' expectations by 12 cents.
• The company declared a quarterly dividend of $0.83, set to be paid on October 7th, representing an annualized dividend yield of 5.0%.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Eastman Chemical Company NYSE: EMN. In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Eastman Chemical stock on August 4th. 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 $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
• Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.

Eastman Chemical Trading Down 2.0%

EMN stock traded down $1.33 during trading on Friday, reaching $65.13. The company had a trading volume of 3,136,912 shares, compared to its average volume of 1,348,881. Eastman Chemical Company has a 52 week low of $56.78 and a 52 week high of $114.50. The company has a market cap of $7.48 billion, a P/E ratio of 9.15, a PEG ratio of 6.40 and a beta of 1.25. The business has a 50 day moving average of $69.14 and a 200 day moving average of $77.09. 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 released 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 return on equity of 15.24% and a net margin of 8.96%.The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company 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 forecast that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical's dividend payout ratio is presently 46.63%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EMN shares. Mizuho decreased their target price on shares of Eastman Chemical from $92.00 to $80.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. UBS Group decreased their target price on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. The Goldman Sachs Group decreased their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Wells Fargo & Company raised 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. Finally, Royal Bank Of Canada decreased their target price on shares of Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating for the company in a research note on Tuesday, August 5th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.77.

Institutional Trading of Eastman Chemical

Several institutional investors and hedge funds have recently modified their holdings of EMN. Brighton Jones LLC bought a new stake in shares of Eastman Chemical during the 4th quarter valued at $202,000. Cetera Investment Advisers raised its position in shares of Eastman Chemical by 1.4% during the 4th quarter. Cetera Investment Advisers now owns 52,509 shares of the basic materials company's stock valued at $4,795,000 after purchasing an additional 709 shares during the period. Ethic Inc. raised its position in shares of Eastman Chemical by 67.8% during the 4th quarter. Ethic Inc. now owns 4,107 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 1,659 shares during the period. Focus Partners Wealth raised its position in shares of Eastman Chemical by 65.6% during the 4th quarter. Focus Partners Wealth now owns 4,988 shares of the basic materials company's stock valued at $492,000 after purchasing an additional 1,976 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Eastman Chemical by 98.0% during the 4th quarter. Janus Henderson Group PLC now owns 25,480 shares of the basic materials company's stock valued at $2,326,000 after purchasing an additional 12,612 shares during the period. 83.65% of the stock is currently owned by institutional investors.

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.

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.