31,592 Shares in Eastman Chemical Company $EMN Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC purchased a new stake in Eastman Chemical Company (NYSE:EMN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,592 shares of the basic materials company’s stock, valued at approximately $2,411,000.

Several other large investors also recently bought and sold shares of EMN. HighTower Advisors LLC grew its holdings in shares of Eastman Chemical by 3,448.7% during the fourth quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock worth $108,246,000 after purchasing an additional 1,648,054 shares during the last quarter. Norges Bank purchased a new stake in shares of Eastman Chemical in the 4th quarter valued at about $95,621,000. State Street Corp boosted its position in shares of Eastman Chemical by 24.3% in the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after purchasing an additional 1,112,391 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Eastman Chemical by 97.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after buying an additional 916,023 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Eastman Chemical by 101.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock worth $91,009,000 after buying an additional 718,502 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

EMN has been the subject of a number of research reports. Morgan Stanley reduced their price objective 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. Royal Bank Of Canada lifted their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Finally, Wells Fargo & Company raised their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.67.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $69.64 on Wednesday. The stock has a fifty day moving average price of $72.40 and a 200 day moving average price of $71.76. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The company has a market cap of $7.96 billion, a PE ratio of 20.18, a P/E/G ratio of 0.89 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the company posted $1.91 EPS. Eastman Chemical’s revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Sell-side analysts forecast that Eastman Chemical Company will post 6.3 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio is currently 97.39%.

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.