Wellington Management Group LLP Grows Stock Holdings in Eastman Chemical Company $EMN

Wellington Management Group LLP increased its stake in shares of Eastman Chemical Company (NYSE:EMN) by 27.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,583 shares of the basic materials company’s stock after buying an additional 4,683 shares during the quarter. Wellington Management Group LLP’s holdings in Eastman Chemical were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMN. National Pension Service grew its holdings in shares of Eastman Chemical by 75.3% during the first quarter. National Pension Service now owns 433 shares of the basic materials company’s stock worth $38,000 after buying an additional 186 shares during the last quarter. Orion Capital Management LLC purchased a new stake in Eastman Chemical in the 4th quarter valued at approximately $47,000. TD Private Client Wealth LLC boosted its holdings in Eastman Chemical by 46.4% in the 1st quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 170 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Eastman Chemical in the 1st quarter valued at approximately $50,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Eastman Chemical by 105.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 618 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

EMN stock opened at $70.26 on Friday. The firm has a 50 day moving average of $72.41 and a 200-day moving average of $80.23. Eastman Chemical Company has a 12-month low of $56.78 and a 12-month high of $114.50. 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 company has a market cap of $8.07 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 6.72 and a beta of 1.21.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results 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). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the business posted $2.15 earnings per share. Eastman Chemical’s revenue was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities analysts expect that Eastman Chemical Company will post 8.55 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, September 15th. Eastman Chemical’s payout ratio is currently 46.63%.

Wall Street Analysts Forecast Growth

EMN has been the topic of a number of analyst reports. Citigroup lowered their price objective on Eastman Chemical from $90.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, August 4th. UBS Group lowered their price objective on Eastman Chemical from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, July 9th. The Goldman Sachs Group lowered their price objective on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Royal Bank Of Canada reduced 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. Finally, Mizuho reduced their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Eastman Chemical currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

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.