MQS Management LLC Takes Position in Eastman Chemical Company $EMN

MQS Management LLC purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,289 shares of the basic materials company’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Eastman Chemical during the fourth quarter worth $202,000. GAMMA Investing LLC increased its position in Eastman Chemical by 28.9% during the first quarter. GAMMA Investing LLC now owns 5,413 shares of the basic materials company’s stock worth $477,000 after acquiring an additional 1,215 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Eastman Chemical by 11.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,930 shares of the basic materials company’s stock worth $1,580,000 after purchasing an additional 1,893 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Eastman Chemical by 5.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 47,898 shares of the basic materials company’s stock valued at $4,220,000 after purchasing an additional 2,279 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in Eastman Chemical by 882.3% in the 1st quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 847 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMN has been the subject of a number of analyst reports. KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an “overweight” rating in a research report on Monday, August 4th. Mizuho lowered their price objective on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings upgraded Eastman Chemical from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Royal Bank Of Canada set a $71.00 price target on Eastman Chemical in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group reduced 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 note on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.62.

Eastman Chemical Stock Performance

NYSE:EMN opened at $62.68 on Monday. Eastman Chemical Company has a twelve month low of $56.78 and a twelve month high of $107.50. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $64.85 and its 200 day simple moving average is $72.42. The firm has a market capitalization of $7.20 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 6.32 and a beta of 1.29.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.12). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.Eastman Chemical’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

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.