425 Shares in Eastman Chemical Company $EMN Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 425 shares of the basic materials company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently added to or reduced their stakes in EMN. Brighton Jones LLC acquired a new position in Eastman Chemical in the 4th quarter worth $202,000. Farther Finance Advisors LLC lifted 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 worth $167,000 after buying an additional 214 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Eastman Chemical by 28.9% in the 1st quarter. GAMMA Investing LLC now owns 5,413 shares of the basic materials company’s stock worth $477,000 after buying an additional 1,215 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Eastman Chemical in the 1st quarter worth $2,809,000. Finally, CX Institutional acquired a new position in Eastman Chemical in the 1st quarter worth $107,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Price Performance

NYSE EMN opened at $60.54 on Wednesday. Eastman Chemical Company has a 52 week low of $56.78 and a 52 week high of $111.79. 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 stock has a market cap of $6.95 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 5.98 and a beta of 1.29. The company has a 50-day moving average price of $65.13 and a two-hundred day moving average price of $73.49.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.12). Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The firm 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 company posted $2.15 EPS. Eastman Chemical’s revenue for the quarter was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Analysts forecast 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 was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were given a $0.83 dividend. The ex-dividend date was Monday, September 15th. This represents a $3.32 annualized dividend and a yield of 5.5%. Eastman Chemical’s dividend payout ratio is 46.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. KeyCorp set a $79.00 target price on shares of Eastman Chemical and gave the company an “overweight” rating in a research note on Monday, August 4th. Royal Bank Of Canada set a $71.00 target price on shares of Eastman Chemical in a research note on Tuesday. Bank of America cut their target price on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

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.