Core Capital Management & Research inc. Acquires Shares of 44,392 Eastman Chemical Company $EMN

Core Capital Management & Research inc. acquired a new stake in Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 44,392 shares of the basic materials company’s stock, valued at approximately $3,281,000. Eastman Chemical accounts for about 1.7% of Core Capital Management & Research inc.’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Eastman Chemical by 21.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,665 shares of the basic materials company’s stock valued at $2,188,000 after purchasing an additional 5,694 shares during the last quarter. Tidal Investments LLC lifted its position in Eastman Chemical by 24.8% in the second quarter. Tidal Investments LLC now owns 24,788 shares of the basic materials company’s stock worth $1,660,000 after buying an additional 4,930 shares during the last quarter. Van Hulzen Asset Management LLC lifted its position in Eastman Chemical by 38.1% in the second quarter. Van Hulzen Asset Management LLC now owns 4,545 shares of the basic materials company’s stock worth $304,000 after buying an additional 1,254 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Eastman Chemical during the second quarter worth $1,453,000. Finally, Cidel Asset Management Inc. boosted its stake in Eastman Chemical by 9.1% during the second quarter. Cidel Asset Management Inc. now owns 3,128 shares of the basic materials company’s stock worth $210,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of NYSE:EMN opened at $68.36 on Thursday. The firm has a market cap of $7.82 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07. The firm’s 50 day simple moving average is $70.77 and its 200-day simple moving average is $72.00. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.Eastman Chemical’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, equities analysts predict that Eastman Chemical Company will post 6.5 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s dividend payout ratio is presently 87.50%.

Analysts Set New Price Targets

EMN has been the topic of several recent analyst reports. Citigroup reduced their target price on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. 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, August 5th. UBS Group raised their price objective on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley reduced their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.17.

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.