Credit Industriel ET Commercial Makes New Investment in Eastman Chemical Company $EMN

Credit Industriel ET Commercial purchased a new position in Eastman Chemical Company (NYSE:EMN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,000 shares of the basic materials company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in Eastman Chemical by 5.9% in the first quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company’s stock worth $13,702,000 after acquiring an additional 8,708 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Eastman Chemical by 36.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company’s stock worth $267,000 after purchasing an additional 816 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Eastman Chemical in the 1st quarter worth about $1,494,000. Farther Finance Advisors LLC boosted its holdings in shares of Eastman Chemical by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 214 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Eastman Chemical in the second quarter worth approximately $679,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Eastman Chemical stock opened at $60.09 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $65.14 and a 200-day moving average of $73.58. The firm has a market cap of $6.90 billion, a P/E ratio of 8.44, a P/E/G 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 released its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business posted $2.15 EPS. The company’s quarterly revenue 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. Sell-side analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s dividend payout ratio (DPR) is currently 46.63%.

Analyst Ratings Changes

A number of research analysts have commented on EMN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Chemical in a research report on Wednesday, October 8th. Mizuho cut 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. Royal Bank Of Canada cut their price target on shares of Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, August 5th. Wells Fargo & Company increased their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Citigroup increased their target price on Eastman Chemical from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.54.

About Eastman Chemical

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.