Venturi Wealth Management LLC Has $238,000 Position in Eastman Chemical Company $EMN

Venturi Wealth Management LLC lessened its holdings in Eastman Chemical Company (NYSE:EMN) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,194 shares of the basic materials company’s stock after selling 199 shares during the period. Venturi Wealth Management LLC’s holdings in Eastman Chemical were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EMN. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Eastman Chemical by 65.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 146 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Eastman Chemical in the 2nd quarter valued at $32,000. National Pension Service lifted its stake in shares of Eastman Chemical by 75.3% in the 1st quarter. National Pension Service now owns 433 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 186 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Eastman Chemical by 46.4% in the 1st 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 acquired a new stake in shares of Eastman Chemical in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

NYSE:EMN opened at $58.20 on Friday. The firm’s 50-day moving average is $65.16 and its 200-day moving average is $73.98. 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 company has a market cap of $6.68 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 6.08 and a beta of 1.29.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data 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 return on equity of 15.24% and a net margin of 8.96%.The company 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 firm posted $2.15 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Equities research analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Announces Dividend

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

Analyst Ratings Changes

EMN has been the subject of several analyst reports. Mizuho reduced their price objective on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Citigroup boosted their target price 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. The Goldman Sachs Group cut 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 report on Thursday, August 7th. KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company boosted their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.54.

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.