Eastman Chemical Company $EMN Shares Purchased by Czech National Bank

Czech National Bank grew its stake in shares of Eastman Chemical Company (NYSE:EMN) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,222 shares of the basic materials company’s stock after purchasing an additional 1,770 shares during the period. Czech National Bank’s holdings in Eastman Chemical were worth $2,107,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Holderness Investments Co. boosted its holdings in Eastman Chemical by 1.2% in the 1st quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company’s stock worth $922,000 after acquiring an additional 125 shares during the period. Wesbanco Bank Inc. lifted its position in shares of Eastman Chemical by 3.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,109 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 130 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in Eastman Chemical by 15.0% in the 1st quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 136 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of Eastman Chemical by 4.5% in the 1st 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 in the last quarter. Finally, Prudent Man Advisors LLC lifted its position in shares of Eastman Chemical by 2.2% in the first quarter. Prudent Man Advisors LLC now owns 6,651 shares of the basic materials company’s stock worth $586,000 after buying an additional 144 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 stock an “overweight” rating in a research note on Monday, August 4th. Citigroup reduced their price objective on shares of Eastman Chemical from $90.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Royal Bank Of Canada reduced their price objective on Eastman Chemical from $91.00 to $74.00 and set an “outperform” rating for the company in a report on Tuesday, August 5th. Mizuho reduced their price target on shares of Eastman Chemical from $92.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Eastman Chemical currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.77.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $65.13 on Friday. The business has a fifty day moving average of $69.14 and a two-hundred day moving average of $77.09. The company has a market cap of $7.48 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 6.40 and a beta of 1.25. Eastman Chemical Company has a one year low of $56.78 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.12). Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business 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 firm posted $2.15 EPS. The business’s 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. As a group, analysts predict that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, September 15th. Eastman Chemical’s dividend payout ratio is 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.