Eastman Chemical Company $EMN Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its stake in shares of Eastman Chemical Company (NYSE:EMN) by 51.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,148 shares of the basic materials company’s stock after acquiring an additional 1,760 shares during the quarter. Blair William & Co. IL’s holdings in Eastman Chemical were worth $384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EMN. Miller Howard Investments Inc. NY acquired a new stake in Eastman Chemical during the 2nd quarter worth $26,212,000. Nuveen LLC acquired a new stake in Eastman Chemical during the 1st quarter worth $26,289,000. Atlantic Investment Management Inc. acquired a new stake in Eastman Chemical during the 1st quarter worth $22,167,000. Dimensional Fund Advisors LP raised its stake in Eastman Chemical by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock worth $228,042,000 after acquiring an additional 202,740 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Eastman Chemical by 5,315.9% during the 1st quarter. Jones Financial Companies Lllp now owns 200,011 shares of the basic materials company’s stock worth $17,623,000 after acquiring an additional 196,318 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Up 2.0%

Shares of NYSE:EMN opened at $61.39 on Friday. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 6.07 and a beta of 1.29. The firm’s 50-day simple moving average is $65.10 and its 200-day simple moving average is $73.02. 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 fifty-two week low of $56.78 and a fifty-two week high of $110.05.

Eastman Chemical (NYSE:EMN) last issued 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). The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities research analysts predict that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EMN. Mizuho cut their price target on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. UBS Group dropped their price objective on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. The Goldman Sachs Group dropped their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Bank of America dropped their price objective on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, KeyCorp set a $79.00 price objective on shares of Eastman Chemical and gave the company an “overweight” rating in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.62.

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.