RKL Wealth Management LLC Has $1.19 Million Stake in Eastman Chemical Company $EMN

RKL Wealth Management LLC boosted its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,992 shares of the basic materials company’s stock after buying an additional 1,158 shares during the quarter. RKL Wealth Management LLC’s holdings in Eastman Chemical were worth $1,194,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EMN. Brighton Jones LLC bought a new stake in shares of Eastman Chemical in the fourth quarter valued at about $202,000. Wealth Enhancement Advisory Services LLC raised its position in Eastman Chemical by 11.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,037 shares of the basic materials company’s stock worth $1,465,000 after purchasing an additional 1,674 shares in the last quarter. Wellington Management Group LLP acquired a new position in Eastman Chemical in the fourth quarter worth about $1,543,000. GAMMA Investing LLC raised its position in Eastman Chemical by 11,261.1% in the first quarter. GAMMA Investing LLC now owns 476,939 shares of the basic materials company’s stock worth $42,023,000 after purchasing an additional 472,741 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Eastman Chemical by 15.2% in the first quarter. Parallel Advisors LLC now owns 1,440 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 190 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMN has been the subject of several recent research reports. Citigroup dropped their price target on shares of Eastman Chemical from $90.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, August 4th. The Goldman Sachs Group dropped their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada dropped their price objective on shares of Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, August 5th. UBS Group lowered their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 9th. Finally, KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an “overweight” rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.77.

Eastman Chemical Trading Down 1.9%

EMN opened at $61.85 on Thursday. The stock has a market capitalization of $7.10 billion, a P/E ratio of 8.69, a P/E/G ratio of 6.11 and a beta of 1.29. Eastman Chemical Company has a 12 month low of $56.78 and a 12 month high of $111.79. The firm’s fifty day simple moving average is $66.70 and its 200 day simple moving average is $75.33. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81.

Eastman Chemical (NYSE:EMN) 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 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The firm’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, research analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 5.4%. Eastman Chemical’s payout ratio is currently 46.63%.

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.