Callan Family Office LLC Buys 1,343 Shares of Eastman Chemical Company $EMN

by · The Markets Daily

Callan Family Office LLC lifted its stake in Eastman Chemical Company (NYSE:EMN – Free Report) by 57.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,700 shares of the basic materials company’s stock after buying an additional 1,343 shares during the period. Callan Family Office LLC’s holdings in Eastman Chemical were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EMN. Holderness Investments Co. increased its stake in shares of Eastman Chemical by 1.2% during the 1st quarter. Holderness Investments Co. now owns 10,466 shares of the basic materials company’s stock worth $922,000 after purchasing an additional 125 shares during the last quarter. CX Institutional increased its stake in shares of Eastman Chemical by 10.6% during the 2nd quarter. CX Institutional now owns 1,339 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 128 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Eastman Chemical by 3.3% during the 2nd quarter. Wesbanco Bank Inc. now owns 4,109 shares of the basic materials company’s stock worth $307,000 after purchasing an additional 130 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Eastman Chemical by 15.0% during the 1st quarter. Y.D. More Investments Ltd now owns 1,044 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 136 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC increased its stake in shares of Eastman Chemical by 4.5% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,304 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $60.17 on Friday. The company has a 50 day moving average of $65.10 and a 200-day moving average of $73.21. Eastman Chemical Company has a 1-year low of $56.78 and a 1-year high of $110.05. 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 company has a market cap of $6.91 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 6.12 and a beta of 1.29.

Eastman Chemical (NYSE:EMN – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.12). The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. As a group, equities research analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 15th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, September 15th. Eastman Chemical’s dividend payout ratio is 46.63%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EMN shares. Bank of America lowered their price objective on shares of Eastman Chemical from $78.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. UBS Group decreased their price target on shares of Eastman Chemical from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Royal Bank Of Canada set a $71.00 price target on shares of Eastman Chemical in a research note on Tuesday. Finally, KeyCorp set a $79.00 price target on shares of Eastman Chemical and gave the company an “overweight” rating in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.62.

Read Our Latest Report on EMN

About Eastman Chemical

(Free Report)

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.

Further Reading

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