Eastman Chemical Company $EMN Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its holdings in Eastman Chemical Company (NYSE:EMN) by 89.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,297 shares of the basic materials company’s stock after selling 28,020 shares during the period. Sterling Capital Management LLC’s holdings in Eastman Chemical were worth $214,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd boosted its position in Eastman Chemical by 36.9% during 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 during the period. D.A. Davidson & CO. raised its position 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 valued at $1,389,000 after purchasing an additional 153 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Eastman Chemical by 17.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,134 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 168 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Eastman Chemical by 5.0% during the second quarter. Rehmann Capital Advisory Group now owns 3,850 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 184 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Eastman Chemical by 21.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,193 shares of the basic materials company’s stock worth $91,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of EMN stock opened at $66.44 on Friday. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $83.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The firm has a market capitalization of $7.60 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.86 and a beta of 1.06. The company’s fifty day moving average price is $66.85 and its two-hundred day moving average price is $70.92.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, October 29th. The basic materials company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.08). Eastman Chemical had a net margin of 7.15% and a return on equity of 10.69%. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts anticipate that Eastman Chemical Company will post 6.05 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th were issued a $0.84 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a yield of 5.1%. Eastman Chemical’s dividend payout ratio is currently 87.50%.

Key Headlines Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: The U.S. Department of Energy reinstated a $375 million award to Eastman, improving the outlook for the company’s planned projects and strengthening its potential funding position. Eastman Chemical says DoE reinstates $375M award
• Positive Sentiment: Third-quarter revenue increased approximately 8% year over year to $2.38 billion, supported by higher selling prices and a 1% improvement in sales volume and mix. Advanced Materials, Additives & Functional Products, and Chemical Intermediates all recorded revenue growth. Eastman Q3 revenue rises 8%
• Positive Sentiment: Management maintained its full-year adjusted EPS outlook of $6.00 to $6.20 and expects $125 million to $150 million of 2026 cost savings, net of inflation. Eastman also generated substantial operating cash flow and returned $96 million to shareholders through dividends. Eastman announces third-quarter 2026 financial results
• Neutral Sentiment: Eastman reported GAAP diluted EPS of $2.19, up from $0.60 a year earlier, while adjusted EPS was reported at $1.84. Investors may weigh the large year-over-year improvement against the difference between GAAP and adjusted results.
• Negative Sentiment: Adjusted third-quarter EPS of $1.84 missed the $1.92 consensus estimate, while revenue of roughly $2.38 billion came in below the $2.41 billion estimate. The earnings shortfall likely outweighed the year-over-year improvement in results. Eastman misses Q3 earnings and revenue estimates
• Negative Sentiment: Fibers revenue was flat as higher volume and mix were offset by lower selling prices, highlighting continued pricing pressure in part of the portfolio. Eastman Q3 earnings miss despite higher pricing
• Negative Sentiment: JPMorgan recently downgraded EMN from Overweight to Neutral, adding to concerns about near-term upside after the earnings miss. JPMorgan downgrades Eastman Chemical

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EMN. Wells Fargo & Company set a $68.00 target price on Eastman Chemical in a research note on Friday, October 16th. Jefferies Financial Group reissued a “buy” rating and set a $85.00 price target on shares of Eastman Chemical in a research report on Friday, September 25th. UBS Group reduced their price target on Eastman Chemical from $92.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Citigroup decreased their price target on Eastman Chemical from $81.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Finally, Zacks Research downgraded shares of Eastman Chemical from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.64.

About Eastman Chemical

Eastman Chemical Company (NYSE: EMN) is a global specialty materials and chemicals company that develops and manufactures products used in transportation, building and construction, consumer goods, medical products, packaging, and other industrial applications. Its portfolio includes specialty plastics, coatings, adhesives, fibers, additives, intermediates, and other performance materials.

The company’s products are designed to provide properties such as durability, chemical resistance, lightweight performance, clarity, and enhanced functionality.