Strs Ohio Has $173,000 Holdings in Eastman Chemical Company $EMN

Strs Ohio cut its holdings in Eastman Chemical Company (NYSE:EMN) by 88.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,744 shares of the basic materials company’s stock after selling 21,636 shares during the period. Strs Ohio’s holdings in Eastman Chemical were worth $173,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in shares of Eastman Chemical in the 2nd quarter valued at approximately $25,000. Ameritas Advisory Services LLC acquired a new position in Eastman Chemical during the second quarter valued at approximately $32,000. Loomis Sayles & Co. L P bought a new position in shares of Eastman Chemical in the second quarter valued at approximately $33,000. Financial Consulate Inc. bought a new position in shares of Eastman Chemical in the third quarter valued at approximately $42,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Eastman Chemical in the third quarter worth $44,000. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EMN. Bank of America raised their target price on shares of Eastman Chemical from $74.00 to $79.00 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price target on Eastman Chemical from $64.00 to $72.00 and gave the company a “hold” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Eastman Chemical from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company restated an “equal weight” rating and set a $70.00 target price on shares of Eastman Chemical in a research note on Friday, December 19th. Finally, Royal Bank Of Canada lowered Eastman Chemical from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $74.00 to $70.00 in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $78.21.

Eastman Chemical Trading Up 6.3%

Shares of Eastman Chemical stock opened at $75.96 on Wednesday. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $103.82. The firm has a market capitalization of $8.67 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 7.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.76 and a quick ratio of 0.86. The company’s fifty day moving average price is $65.56 and its two-hundred day moving average price is $64.94.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Eastman Chemical had a return on equity of 10.63% and a net margin of 5.42%.The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $1.87 EPS. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Monday, December 15th were paid a dividend of $0.84 per share. This is an increase from Eastman Chemical’s previous quarterly dividend of $0.83. This represents a $3.36 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, December 15th. Eastman Chemical’s dividend payout ratio is currently 82.15%.

Key Stories Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Citigroup raised its price target to $78 and kept a “buy” rating, signaling incremental analyst conviction that EMN has upside. Article Title
• Positive Sentiment: Bank of America increased its target to $79 and maintained a “buy” rating, reinforcing bullish sentiment from another large shop. Article Title
• Positive Sentiment: Seeking Alpha published a bullish note arguing results have bottomed; it highlights cost cuts, the Kingsport ramp-up, solid free cash flow and a 4.8% dividend yield as reasons EMN can recover. That thematic bullishness likely supported today’s buying. Eastman Chemical: Confidence Grows As Results Have Bottomed
• Neutral Sentiment: Zacks ran a piece on Eastman’s reliance on international sales — useful context for investors assessing growth drivers and risk from Chinese exports and FX, but not an immediate catalyst. Article Title
• Negative Sentiment: JPMorgan raised its target to $70 but keeps an “overweight” stance; the new target remains below the current price, which may temper further upside and suggests some analysts see limited short-term upside. Article Title
• Negative Sentiment: Deutsche Bank boosted its target to $72 but stayed at “hold”; that target also implies downside from the current level and highlights continuing caution among some analysts. Article Title

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.