Belpointe Asset Management LLC Has $450,000 Position in Eastman Chemical Company $EMN

Belpointe Asset Management LLC increased its position in shares of Eastman Chemical Company (NYSE:EMN) by 20.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,111 shares of the basic materials company’s stock after purchasing an additional 862 shares during the period. Belpointe Asset Management LLC’s holdings in Eastman Chemical were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Eastman Chemical by 5.9% in the 1st 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 in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Eastman Chemical by 36.9% in the 1st 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 in the last quarter. Teacher Retirement System of Texas acquired a new position in Eastman Chemical in the 1st quarter valued at $1,494,000. Farther Finance Advisors LLC raised its holdings in Eastman Chemical by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 214 shares in the last quarter. Finally, Golden State Wealth Management LLC raised 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 acquiring an additional 847 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EMN. Wells Fargo & Company dropped their price objective on Eastman Chemical from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, August 4th. UBS Group lowered their price target on Eastman Chemical from $107.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 9th. The Goldman Sachs Group lowered their price target on Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada lowered their price target on Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, August 5th. Finally, Citigroup lowered their price target on Eastman Chemical from $90.00 to $68.00 and set a “buy” rating for the company in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Eastman Chemical has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Eastman Chemical Trading Down 1.3%

NYSE EMN opened at $67.07 on Monday. The business’s 50-day moving average price is $70.58 and its two-hundred day moving average price is $77.87. Eastman Chemical Company has a 12 month low of $56.78 and a 12 month high of $114.50. The firm has a market capitalization of $7.70 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 6.47 and a beta of 1.26. 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 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 net margin of 8.96% and a return on equity of 15.24%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $2.15 EPS. The company’s quarterly 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. On average, analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 5.0%. 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.