Principal Financial Group Inc. Increases Stock Position in Eastman Chemical Company $EMN

Principal Financial Group Inc. increased its holdings in Eastman Chemical Company (NYSE:EMN) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 552,820 shares of the basic materials company’s stock after buying an additional 10,830 shares during the period. Principal Financial Group Inc.’s holdings in Eastman Chemical were worth $42,191,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. HighTower Advisors LLC lifted its position 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 acquiring an additional 1,648,054 shares in the last quarter. Norges Bank purchased a new position in shares of Eastman Chemical in the fourth quarter valued at $95,621,000. State Street Corp raised its stake in shares of Eastman Chemical by 24.3% during 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 lifted its holdings 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 purchasing an additional 916,023 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings 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 purchasing an additional 718,502 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMN. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $75.00 target price on shares of Eastman Chemical in a report on Thursday. Morgan Stanley lowered their price target on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Citigroup reduced their price objective on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Mizuho set a $85.00 target price on shares of Eastman Chemical in a report on Friday, May 1st. Finally, Royal Bank Of Canada increased their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $68.67 on Friday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.88 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $71.49 and its two-hundred day simple moving average is $71.95. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm posted $1.91 EPS. The company’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. As a group, equities analysts anticipate that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were given a dividend of $0.84 per share. The ex-dividend date was Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.9%. Eastman Chemical’s payout ratio is presently 97.39%.

About Eastman Chemical

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.