Royal Bank of Canada Has $14.35 Million Holdings in Eastman Chemical Company $EMN

Royal Bank of Canada increased its position in shares of Eastman Chemical Company (NYSE:EMN) by 29.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 188,049 shares of the basic materials company’s stock after buying an additional 42,601 shares during the period. Royal Bank of Canada’s holdings in Eastman Chemical were worth $14,352,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Eastman Chemical by 3,448.7% in the 4th 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 bought a new stake in Eastman Chemical in the fourth quarter worth approximately $95,621,000. State Street Corp lifted its stake in Eastman Chemical by 24.3% in the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after buying an additional 1,112,391 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Eastman Chemical by 39.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,592,691 shares of the basic materials company’s stock worth $196,552,000 after buying an additional 732,693 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 in the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. UBS Group lifted their price target on shares of Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday. Mizuho set a $85.00 price objective on shares of Eastman Chemical in a report on Friday, May 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.17.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $73.58 on Friday. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The stock’s 50 day moving average is $70.51 and its 200-day moving average is $72.30. The company has a quick ratio of 0.71, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.91 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. Eastman Chemical’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Sell-side analysts forecast that Eastman Chemical Company will post 6.43 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

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

Eastman Chemical Company 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.