31,282 Shares in Eastman Chemical Company $EMN Purchased by Van ECK Associates Corp

Van ECK Associates Corp bought a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,282 shares of the basic materials company’s stock, valued at approximately $2,095,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Lido Advisors LLC grew its stake in shares of Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after acquiring an additional 125 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in Eastman Chemical by 36.9% in the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 145 shares in the last quarter. Generali Asset Management SPA SGR grew its position in Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 149 shares during the last quarter. UMB Bank n.a. increased its stake in Eastman Chemical by 6.2% during the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 150 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Eastman Chemical by 0.7% in the second quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock worth $1,389,000 after buying an additional 153 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Stock Performance

EMN opened at $71.15 on Friday. The company’s 50 day moving average is $70.60 and its 200 day moving average is $72.25. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.87 and a beta of 1.07. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The business had revenue of $2.51 billion for 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%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities research analysts predict that Eastman Chemical Company will post 6.5 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s dividend payout ratio (DPR) is currently 87.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Royal Bank Of Canada boosted their target price on Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a report on Thursday, August 13th. The Goldman Sachs Group reiterated a “neutral” rating and set a $75.00 target price on shares of Eastman Chemical in a research note on Thursday, July 16th. Finally, UBS Group raised their price target on Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.17.

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.