Oregon Public Employees Retirement Fund Purchases 12,989 Shares of Eastman Chemical Company $EMN

Oregon Public Employees Retirement Fund grew its position in Eastman Chemical Company (NYSE:EMN) by 99.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,100 shares of the basic materials company’s stock after buying an additional 12,989 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Eastman Chemical were worth $1,666,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EMN. State Street Corp raised its stake in shares of 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 acquiring an additional 1,112,391 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Eastman Chemical by 97.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after acquiring an additional 916,023 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Eastman Chemical in the fourth quarter valued at approximately $39,827,000. DAVENPORT & Co LLC bought a new position in shares of Eastman Chemical in the fourth quarter valued at approximately $39,545,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Eastman Chemical by 576.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 707,304 shares of the basic materials company’s stock valued at $44,596,000 after acquiring an additional 602,677 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

More Eastman Chemical News

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

• Positive Sentiment: Several analysts at Zacks Research raised near- and medium-term earnings estimates for Eastman Chemical, including Q2 2026, Q3 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, FY2026, and FY2027, signaling slightly improved profit expectations.
• Positive Sentiment: Price target hikes from Morgan Stanley and RBC suggest some Wall Street firms see more upside in EMN than before. Article: Eastman Chemical (EMN) Gets Price Target Hikes from Morgan Stanley and RBC
• Neutral Sentiment: Zacks Research maintained a Hold rating overall, so the earnings estimate increases were not enough to turn the firm more bullish on the stock.
• Negative Sentiment: Zacks also cut some longer-dated forecasts, including Q1 2027 and Q1 2028 EPS, and trimmed FY2028 estimates, which may temper optimism about Eastman Chemical’s longer-term earnings trajectory. Article: Zacks Research Issues Pessimistic Outlook for EMN Earnings

Eastman Chemical Price Performance

EMN opened at $71.54 on Friday. The company has a fifty day moving average price of $72.29 and a two-hundred day moving average price of $68.86. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47. The firm has a market capitalization of $8.18 billion, a PE ratio of 20.74, a P/E/G ratio of 0.91 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business earned $1.91 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, analysts anticipate that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s payout ratio is currently 97.39%.

Wall Street Analysts Forecast Growth

EMN has been the subject of a number of research reports. Weiss Ratings raised shares of Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, February 18th. Royal Bank Of Canada raised their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a report on Tuesday, May 5th. Wells Fargo & Company raised their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, KeyCorp reissued an “overweight” rating on shares of Eastman Chemical in a report on Monday, February 2nd. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical 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.