LSV Asset Management Acquires 64,147 Shares of Eastman Chemical Company $EMN

LSV Asset Management grew its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,265,629 shares of the basic materials company’s stock after buying an additional 64,147 shares during the period. LSV Asset Management’s holdings in Eastman Chemical were worth $79,798,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EMN. MUFG Securities EMEA plc acquired a new position in shares of Eastman Chemical during the 2nd quarter valued at $25,000. Loomis Sayles & Co. L P bought a new stake in Eastman Chemical in the second quarter valued at $33,000. Financial Consulate Inc. acquired a new position in shares of Eastman Chemical during the third quarter valued at about $42,000. Heartwood Wealth Advisors LLC bought a new position in shares of Eastman Chemical during the 3rd quarter worth about $44,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Eastman Chemical during the 3rd quarter worth about $49,000. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Down 1.8%

Shares of NYSE:EMN opened at $79.87 on Friday. The business’s 50 day moving average is $68.03 and its 200 day moving average is $65.15. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $103.82. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 1.79 and a beta of 1.23. The company has a quick ratio of 0.86, a current ratio of 1.76 and a debt-to-equity ratio of 0.82.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data on Thursday, January 29th. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.03 billion. Eastman Chemical had a net margin of 5.42% and a return on equity of 10.63%. Eastman Chemical’s revenue was down 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.87 earnings per share. On average, sell-side analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, March 13th. Eastman Chemical’s dividend payout ratio (DPR) is presently 82.15%.

Analyst Ratings Changes

A number of analysts recently commented on EMN shares. JPMorgan Chase & Co. boosted their target price on Eastman Chemical from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $79.00 price objective on shares of Eastman Chemical in a research note on Wednesday, February 4th. KeyCorp reaffirmed an “overweight” rating on shares of Eastman Chemical in a research report on Monday, February 2nd. Bank of America increased their target price on Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Citigroup boosted their price target on shares of Eastman Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Eastman Chemical presently has an average rating of “Hold” and a consensus price target of $78.86.

Eastman Chemical News Summary

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

• Positive Sentiment: Zacks raised Q1 2026 EPS to $1.20 from $1.15 (small beat vs prior) — a modest near‑term improvement that could support upcoming quarter sentiment.
• Positive Sentiment: Zacks also nudged Q2 2026 EPS up to $1.62 from $1.59, indicating slightly stronger expectations for spring demand/volume versus prior assumptions.
• Neutral Sentiment: Zacks published a longer‑range FY2028 estimate of $7.51 EPS (informative but farther out and subject to change).
• Neutral Sentiment: Technical/market note: a recent MSN piece highlights rising relative strength in EMN but says the stock remains below a key threshold — positive technical momentum but not yet a breakout. Article Title
• Negative Sentiment: Zacks cut FY2026 EPS to $5.89 from $6.01 — a meaningful downward revision that lowers near‑term earnings power versus prior expectations.
• Negative Sentiment: Zacks trimmed FY2027 EPS to $6.73 from $7.31, reducing multi‑year growth expectations and implying slower recovery than investors may have hoped.
• Negative Sentiment: Multiple quarter-level downgrades across 2026–2027: Q4 2026 to $1.39 (from $1.51), Q1–Q4 2027 cuts (Q1 2027 to $1.64 from $1.75; Q2 2027 to $1.66 from $1.75; Q3 2027 to $1.69 from $1.89; Q4 2027 to $1.74 from $1.92). These sequential cuts suggest Zacks sees weaker volumes/margins or slower end‑market recovery.

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.