Eastman Chemical Company $EMN Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lowered its position in Eastman Chemical Company (NYSE:EMN) by 36.5% during the second quarter, HoldingsChannel.com reports. The fund owned 7,580 shares of the basic materials company’s stock after selling 4,356 shares during the quarter. Mutual Advisors LLC’s holdings in Eastman Chemical were worth $594,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Kiker Wealth Management LLC acquired a new stake in Eastman Chemical during the 2nd quarter valued at $515,000. Credit Industriel ET Commercial acquired a new stake in Eastman Chemical during the 2nd quarter valued at $224,000. Sequoia Financial Advisors LLC grew its holdings in Eastman Chemical by 122.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,719 shares of the basic materials company’s stock valued at $427,000 after buying an additional 3,143 shares during the last quarter. Meritage Portfolio Management grew its holdings in Eastman Chemical by 0.6% during the 2nd quarter. Meritage Portfolio Management now owns 47,478 shares of the basic materials company’s stock valued at $3,545,000 after buying an additional 271 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in Eastman Chemical by 19.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,110 shares of the basic materials company’s stock valued at $979,000 after buying an additional 2,171 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Trading Up 2.0%

Shares of EMN opened at $61.39 on Monday. 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 firm has a market capitalization of $7.05 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 6.18 and a beta of 1.29. The stock’s fifty day simple moving average is $65.10 and its 200 day simple moving average is $72.87. Eastman Chemical Company has a twelve month low of $56.78 and a twelve month high of $110.05.

Eastman Chemical (NYSE:EMN) last issued 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). The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, equities research analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 15th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, September 15th. Eastman Chemical’s dividend payout ratio (DPR) is 46.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Eastman Chemical in a report on Wednesday, October 8th. KeyCorp set a $79.00 price objective on Eastman Chemical and gave the stock an “overweight” rating in a report on Monday, August 4th. Bank of America decreased their price objective on Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Mizuho decreased their price objective on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Royal Bank Of Canada set a $71.00 price objective on Eastman Chemical in a report on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.