Moors & Cabot Inc. Buys New Position in Eastman Chemical Company $EMN

Moors & Cabot Inc. bought a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,590 shares of the basic materials company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in Eastman Chemical by 24.3% during the 3rd 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 period. Dimensional Fund Advisors LP boosted its holdings in Eastman Chemical by 14.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company’s stock valued at $255,515,000 after acquiring an additional 509,290 shares during the period. Bank of America Corp DE boosted its holdings in Eastman Chemical by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock valued at $184,909,000 after acquiring an additional 143,323 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Eastman Chemical by 97.0% during the 4th 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 period. Finally, HighTower Advisors LLC boosted its holdings in Eastman Chemical by 3,448.7% during the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock valued at $108,246,000 after acquiring an additional 1,648,054 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Mizuho set a $85.00 price objective on Eastman Chemical in a research note on Friday, May 1st. KeyCorp reiterated an “overweight” rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Price Performance

EMN stock opened at $75.89 on Monday. The business has a 50 day moving average price of $73.00 and a 200 day moving average price of $69.80. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 0.96 and a beta of 1.04. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73.

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

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be paid a dividend of $0.84 per share. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.4%. Eastman Chemical’s payout ratio is presently 97.39%.

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.