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

Geode Capital Management LLC trimmed its stake in Eastman Chemical Company (NYSE:EMN) by 35.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,984,639 shares of the basic materials company’s stock after selling 1,104,577 shares during the period. Geode Capital Management LLC owned approximately 1.74% of Eastman Chemical worth $126,723,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new stake in shares of Eastman Chemical during the second quarter worth about $25,000. Brown Lisle Cummings Inc. boosted its stake in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after buying an additional 175 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Eastman Chemical during the fourth quarter worth about $33,000. Rothschild Investment LLC boosted its stake in shares of Eastman Chemical by 65.6% during the third quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company’s stock worth $36,000 after buying an additional 229 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Eastman Chemical by 97.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company’s stock worth $39,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Trading Down 3.2%

Shares of EMN opened at $72.43 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $73.55 and a 200-day simple moving average of $70.18. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 0.95 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 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 net margin of 4.62% and a return on equity of 8.88%. Eastman Chemical’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts forecast that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio is 97.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EMN shares. Mizuho set a $85.00 target price on shares of Eastman Chemical in a research note on Friday, May 1st. Citigroup raised their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $82.00 price objective on shares of Eastman Chemical in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Eastman Chemical currently has an average rating of “Moderate Buy” and an average target price of $80.25.

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.