Eastman Chemical Company $EMN Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,809 shares of the basic materials company’s stock after selling 392 shares during the period. Signaturefd LLC’s holdings in Eastman Chemical were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EMN. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Eastman Chemical by 65.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 369 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 146 shares during the period. National Pension Service raised 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 purchasing an additional 186 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Eastman Chemical by 46.4% during the first quarter. TD Private Client Wealth LLC now owns 536 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 170 shares during the period. Wayfinding Financial LLC bought a new position in shares of Eastman Chemical during the first quarter worth about $50,000. Finally, Salem Investment Counselors Inc. grew its position in shares of Eastman Chemical by 105.3% during the first quarter. Salem Investment Counselors Inc. now owns 618 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 317 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

Shares of EMN opened at $64.37 on Friday. The firm has a 50-day moving average price of $66.44 and a 200 day moving average price of $75.15. The firm has a market capitalization of $7.39 billion, a PE ratio of 9.04, a P/E/G ratio of 6.01 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 1.68 and a debt-to-equity ratio of 0.81. Eastman Chemical Company has a 52-week low of $56.78 and a 52-week high of $111.79.

Eastman Chemical (NYSE:EMN) last announced its 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). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a net margin of 8.96% and a return on equity of 15.24%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. 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 firm also recently declared 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. This represents a $3.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, September 15th. Eastman Chemical’s dividend payout ratio is presently 46.63%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EMN. UBS Group lowered their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 9th. Wells Fargo & Company upped their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. The Goldman Sachs Group lowered their price target on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada lowered 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, KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the stock an “overweight” rating in a research report on Monday, August 4th. Eight equities research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.92.

About Eastman Chemical

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.