IFP Advisors Inc Cuts Stock Position in Eastman Chemical Company $EMN

IFP Advisors Inc decreased its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 96.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 388 shares of the basic materials company’s stock after selling 11,179 shares during the period. IFP Advisors Inc’s holdings in Eastman Chemical were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MUFG Securities EMEA plc purchased a new position in Eastman Chemical in the second quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Eastman Chemical in the fourth quarter worth about $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Eastman Chemical in the fourth quarter worth about $27,000. Los Angeles Capital Management LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter valued at about $27,000. Finally, McMillan Office Inc. purchased a new stake in shares of Eastman Chemical during the 4th quarter valued at about $29,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Trading Down 3.0%

NYSE EMN opened at $72.56 on Thursday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $83.47. The company’s fifty day moving average price is $70.39 and its two-hundred day moving average price is $72.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company earned $1.60 earnings per share. Eastman Chemical’s quarterly revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, research analysts predict that Eastman Chemical Company will post 6.43 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 4.6%. Eastman Chemical’s dividend payout ratio (DPR) is 87.50%.

Wall Street Analyst Weigh In

Several research firms recently commented on EMN. Wall Street Zen raised Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Citigroup reduced their target price on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. UBS Group lifted their price target on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $74.00 price objective on shares of Eastman Chemical in a report on Monday, August 3rd. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.17.

Eastman Chemical 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.