Tyche Wealth Partners LLC Has $519,000 Stock Position in Eastman Chemical (NYSE:EMN)

Tyche Wealth Partners LLC grew its stake in shares of Eastman Chemical (NYSE:EMN) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,632 shares of the basic materials company’s stock after buying an additional 561 shares during the period. Tyche Wealth Partners LLC’s holdings in Eastman Chemical were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of EMN. Cultivar Capital Inc. acquired a new position in shares of Eastman Chemical during the 2nd quarter worth approximately $29,000. Wolff Wiese Magana LLC lifted its position in shares of Eastman Chemical by 238.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 284 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Eastman Chemical during the 1st quarter worth $38,000. Rothschild Investment LLC bought a new stake in shares of Eastman Chemical during the 2nd quarter worth $38,000. Finally, Northwest Investment Counselors LLC acquired a new position in Eastman Chemical in the 3rd quarter worth about $38,000. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho raised their price objective on Eastman Chemical from $102.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Piper Sandler reissued a “neutral” rating and issued a $105.00 price objective on shares of Eastman Chemical in a research report on Tuesday, July 30th. Barclays boosted their price objective on Eastman Chemical from $103.00 to $111.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Eastman Chemical from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Finally, Bank of America lowered Eastman Chemical from a “buy” rating to a “neutral” rating and upped their target price for the stock from $114.00 to $119.00 in a research note on Wednesday, October 16th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.20.

Eastman Chemical Stock Performance

Shares of NYSE EMN traded down $0.94 during mid-day trading on Tuesday, hitting $105.76. The stock had a trading volume of 92,008 shares, compared to its average volume of 935,377. Eastman Chemical has a twelve month low of $72.87 and a twelve month high of $114.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.71 and a current ratio of 1.40. The firm has a market cap of $12.44 billion, a PE ratio of 13.75, a PEG ratio of 0.81 and a beta of 1.44. The company has a 50 day moving average of $105.39 and a two-hundred day moving average of $100.84.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 16th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $3.24 annualized dividend and a dividend yield of 3.06%. Eastman Chemical’s dividend payout ratio (DPR) is presently 41.75%.

Eastman Chemical Company 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.