Strengthening Families & Communities LLC Sells 239 Shares of Eastman Chemical Company $EMN

Strengthening Families & Communities LLC reduced its position in shares of Eastman Chemical Company (NYSE:EMN) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,587 shares of the basic materials company’s stock after selling 239 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Eastman Chemical were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Eastman Chemical by 65.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company’s stock worth $28,000 after buying an additional 146 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Eastman Chemical during the 2nd quarter valued at $32,000. National Pension Service raised its position in shares of Eastman Chemical by 75.3% during the 1st quarter. National Pension Service now owns 433 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 186 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Eastman Chemical by 46.4% in the first quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 170 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Eastman Chemical in the first quarter valued at about $50,000. 83.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EMN has been the subject of a number of recent analyst reports. Mizuho lowered their price target on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. UBS Group lowered their target price on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Citigroup increased their price objective on shares of Eastman Chemical from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. KeyCorp set a $79.00 target price on Eastman Chemical and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, The Goldman Sachs Group dropped their target price on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.54.

Eastman Chemical Trading Down 4.7%

Eastman Chemical stock opened at $58.20 on Friday. Eastman Chemical Company has a 52 week low of $56.78 and a 52 week high of $111.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. The stock has a market capitalization of $6.68 billion, a P/E ratio of 8.17, a PEG ratio of 6.08 and a beta of 1.29. The stock has a 50-day simple moving average of $65.16 and a 200 day simple moving average of $73.98.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 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 business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business posted $2.15 EPS. The company’s revenue for the quarter 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 expect that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 15th were paid a $0.83 dividend. The ex-dividend date was Monday, September 15th. This represents a $3.32 annualized dividend and a yield of 5.7%. Eastman Chemical’s payout ratio is 46.63%.

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.