Blue Trust Inc. Buys 239 Shares of Eastman Chemical Company $EMN

Blue Trust Inc. raised its stake in Eastman Chemical Company (NYSE:EMN) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,994 shares of the basic materials company’s stock after purchasing an additional 239 shares during the quarter. Blue Trust Inc.’s holdings in Eastman Chemical were worth $448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings 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 valued at $228,042,000 after buying an additional 202,740 shares during the last quarter. Northern Trust Corp raised its stake in shares of Eastman Chemical by 1.2% during the first quarter. Northern Trust Corp now owns 1,393,932 shares of the basic materials company’s stock valued at $122,819,000 after acquiring an additional 16,532 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Eastman Chemical by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 1,279,279 shares of the basic materials company’s stock valued at $112,717,000 after acquiring an additional 13,886 shares during the last quarter. Truist Financial Corp raised its position in Eastman Chemical by 9.3% during the 1st quarter. Truist Financial Corp now owns 1,265,857 shares of the basic materials company’s stock valued at $111,535,000 after purchasing an additional 107,750 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Eastman Chemical by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 962,548 shares of the basic materials company’s stock valued at $84,810,000 after purchasing an additional 18,460 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Mizuho decreased their target price on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada reduced their target price on Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, August 5th. Wells Fargo & Company lifted 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. The Goldman Sachs Group cut their price objective 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. Finally, KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Eastman Chemical has an average rating of “Moderate Buy” and a consensus price target of $85.54.

Eastman Chemical Stock Performance

EMN stock opened at $60.09 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.68 and a quick ratio of 0.78. The business has a 50-day moving average price of $65.14 and a 200 day moving average price of $73.58. The company has a market capitalization of $6.90 billion, a P/E ratio of 8.44, a PEG ratio of 5.79 and a beta of 1.29. Eastman Chemical Company has a 1-year low of $56.78 and a 1-year high of $111.79.

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 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 the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $2.15 EPS. The company’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. As a group, equities research analysts forecast that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a yield of 5.5%. Eastman Chemical’s payout ratio is 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.