Belpointe Asset Management LLC Has $417,000 Stock Position in Eastman Chemical Company $EMN

Belpointe Asset Management LLC increased its stake in Eastman Chemical Company (NYSE:EMN) by 9.4% during the second quarter, Holdings Channel.com reports. The fund owned 5,591 shares of the basic materials company’s stock after buying an additional 480 shares during the period. Belpointe Asset Management LLC’s holdings in Eastman Chemical were worth $417,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Holderness Investments Co. lifted its stake in Eastman Chemical by 1.2% in the first quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company’s stock valued at $922,000 after buying an additional 125 shares during the period. CX Institutional lifted its stake in Eastman Chemical by 10.6% in the second quarter. CX Institutional now owns 1,339 shares of the basic materials company’s stock valued at $100,000 after buying an additional 128 shares during the period. Wesbanco Bank Inc. lifted its stake in Eastman Chemical by 3.3% in the second quarter. Wesbanco Bank Inc. now owns 4,109 shares of the basic materials company’s stock valued at $307,000 after buying an additional 130 shares during the period. Y.D. More Investments Ltd lifted its stake in Eastman Chemical by 15.0% in the first quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company’s stock valued at $92,000 after buying an additional 136 shares during the period. Finally, Beverly Hills Private Wealth LLC lifted its stake in Eastman Chemical by 4.5% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company’s stock valued at $291,000 after buying an additional 143 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMN has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price target on Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 5th. Mizuho decreased their price objective on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Wells Fargo & Company boosted their price objective on Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Eastman Chemical in a report on Wednesday. Finally, UBS Group decreased their price objective on Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.54.

Eastman Chemical Trading Down 4.7%

Shares of Eastman Chemical stock opened at $58.20 on Friday. The stock has a fifty day simple moving average of $65.16 and a 200 day simple moving average of $73.98. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month high of $111.79. The company has a market capitalization of $6.68 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 6.08 and a beta of 1.29. The company has a current ratio of 1.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results 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 last year, the company 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. On average, sell-side analysts anticipate that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors 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 yield of 5.7%. Eastman Chemical’s dividend 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.