3,061 Shares in Eastman Chemical Company $EMN Bought by R Squared Ltd

R Squared Ltd bought a new position in shares of Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,061 shares of the basic materials company’s stock, valued at approximately $229,000.

Other large investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new stake in Eastman Chemical in the second quarter valued at $392,000. Principal Financial Group Inc. lifted its stake 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 valued at $13,702,000 after acquiring an additional 8,708 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Eastman Chemical by 36.9% in the first quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 816 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Eastman Chemical in the first quarter valued at $1,494,000. Finally, Park Avenue Securities LLC acquired a new stake in Eastman Chemical in the second quarter valued at $679,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

EMN has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $71.00 price target on shares of Eastman Chemical in a research note on Tuesday, October 14th. 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 report 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 report on Tuesday, October 14th. Citigroup increased their price objective on shares of Eastman Chemical from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Mizuho dropped their price objective on shares of Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.62.

Eastman Chemical Price Performance

NYSE:EMN opened at $62.68 on Friday. Eastman Chemical Company has a 52 week low of $56.78 and a 52 week high of $107.50. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 6.32 and a beta of 1.29. The firm’s 50-day simple moving average is $64.85 and its 200 day simple moving average is $72.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68.

Eastman Chemical (NYSE:EMN) last released 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 period in the prior year, the business posted $2.15 earnings per share. Eastman Chemical’s 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. As a group, sell-side analysts predict that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 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.