IFP Advisors Inc Trims Stock Holdings in Eastman Chemical Company $EMN

IFP Advisors Inc lowered its stake in shares of Eastman Chemical Company (NYSE:EMN) by 96.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in EMN. Brighton Jones LLC acquired a new stake in shares of Eastman Chemical during the 4th quarter worth about $202,000. Integrated Wealth Concepts LLC raised its position in shares of Eastman Chemical by 185.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after buying an additional 4,345 shares during the last quarter. Millennium Management LLC raised its position in shares of Eastman Chemical by 69.2% in the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after buying an additional 79,376 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Eastman Chemical by 2.6% during the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after buying an additional 183 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of Eastman Chemical during the first quarter valued at approximately $252,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 3.0%

EMN stock opened at $72.56 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 0.93 and a beta of 1.06. The business has a fifty day simple moving average of $70.39 and a 200-day simple moving average of $72.45. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities research analysts expect that Eastman Chemical Company will post 6.43 EPS for the current year.

Eastman Chemical Announces Dividend

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

Analyst Ratings Changes

EMN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $74.00 price target on shares of Eastman Chemical in a research note on Monday, August 3rd. Morgan Stanley dropped their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Wells Fargo & Company raised their price target on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Finally, Citigroup cut their price objective on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.