Eastman Chemical Company $EMN Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. trimmed its holdings in Eastman Chemical Company (NYSE:EMN) by 30.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,301 shares of the basic materials company’s stock after selling 1,460 shares during the quarter. Valley National Advisers Inc.’s holdings in Eastman Chemical were worth $245,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Miller Howard Investments Inc. NY purchased a new stake in shares of Eastman Chemical in the second quarter valued at about $26,212,000. Nuveen LLC purchased a new stake in Eastman Chemical during the 1st quarter valued at approximately $26,289,000. Atlantic Investment Management Inc. acquired a new stake in Eastman Chemical during the 1st quarter worth approximately $22,167,000. Dimensional Fund Advisors LP increased its holdings in shares of Eastman Chemical by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,588,331 shares of the basic materials company’s stock valued at $228,042,000 after purchasing an additional 202,740 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Eastman Chemical by 5,315.9% during the first quarter. Jones Financial Companies Lllp now owns 200,011 shares of the basic materials company’s stock worth $17,623,000 after purchasing an additional 196,318 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Eastman Chemical from $87.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Eastman Chemical in a report on Saturday, September 27th. UBS Group cut their price target on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Royal Bank Of Canada reduced their price objective 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, Mizuho dropped their target price on Eastman Chemical from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Eastman Chemical currently has an average rating of “Moderate Buy” and an average price target of $85.54.

Eastman Chemical Trading Down 0.4%

Shares of EMN stock opened at $63.78 on Tuesday. The stock has a market cap of $7.32 billion, a P/E ratio of 8.96, a P/E/G ratio of 6.21 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 fifty-two week low of $56.78 and a fifty-two week high of $111.79. The business has a fifty day simple moving average of $65.90 and a 200-day simple moving average of $74.57.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data 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 business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Eastman Chemical’s quarterly revenue was down 3.2% on a year-over-year basis. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. On average, analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, September 15th. Eastman Chemical’s payout ratio is currently 46.63%.

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.