Amundi Raises Stock Position in Eastman Chemical Company $EMN

Amundi lifted its stake in Eastman Chemical Company (NYSE:EMN) by 39.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,487 shares of the basic materials company’s stock after purchasing an additional 37,326 shares during the period. Amundi owned 0.11% of Eastman Chemical worth $11,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Eastman Chemical by 11,261.1% during the 1st quarter. GAMMA Investing LLC now owns 476,939 shares of the basic materials company’s stock valued at $42,023,000 after acquiring an additional 472,741 shares in the last quarter. Nuveen LLC bought a new stake in shares of Eastman Chemical during the first quarter valued at approximately $26,289,000. Dimensional Fund Advisors LP boosted its position in shares of Eastman Chemical by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock valued at $228,042,000 after purchasing an additional 202,740 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Eastman Chemical by 33.1% in the first quarter. Ameriprise Financial Inc. now owns 575,191 shares of the basic materials company’s stock worth $50,700,000 after purchasing an additional 142,897 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Eastman Chemical by 42.3% during the fourth quarter. Royal Bank of Canada now owns 467,787 shares of the basic materials company’s stock valued at $42,717,000 after buying an additional 139,099 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

EMN has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Eastman Chemical from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Mizuho cut their price objective on shares of Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Royal Bank Of Canada decreased their target price on shares of Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, August 5th. KeyCorp set a $79.00 price target on Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, UBS Group cut their price target on Eastman Chemical from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Eastman Chemical Stock Down 1.8%

Shares of Eastman Chemical stock opened at $67.64 on Wednesday. Eastman Chemical Company has a twelve month low of $56.78 and a twelve month high of $114.50. 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 company’s 50 day moving average is $71.38 and its 200 day moving average is $78.66. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 6.58 and a beta of 1.25.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share 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 analysts’ expectations of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. Eastman Chemical’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Research analysts anticipate that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. Eastman Chemical’s dividend payout ratio is currently 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.