Capital Research Global Investors Reduces Position in Eastman Chemical Company $EMN

Capital Research Global Investors trimmed its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,855,729 shares of the basic materials company’s stock after selling 349,075 shares during the quarter. Capital Research Global Investors owned 3.38% of Eastman Chemical worth $246,111,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QSM Asset Management Ltd increased its holdings in Eastman Chemical by 27.0% in the fourth quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock valued at $7,676,000 after buying an additional 25,550 shares during the last quarter. HighTower Advisors LLC increased its holdings in Eastman Chemical by 42.7% in the third quarter. HighTower Advisors LLC now owns 47,788 shares of the basic materials company’s stock valued at $3,013,000 after buying an additional 14,294 shares during the last quarter. Invenomic Capital Management LP increased its holdings in Eastman Chemical by 119.9% in the third quarter. Invenomic Capital Management LP now owns 131,690 shares of the basic materials company’s stock valued at $8,303,000 after buying an additional 71,794 shares during the last quarter. Numerai GP LLC boosted its stake in Eastman Chemical by 601.2% in the third quarter. Numerai GP LLC now owns 37,551 shares of the basic materials company’s stock valued at $2,368,000 after acquiring an additional 32,196 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Eastman Chemical by 51.9% in the third quarter. Handelsbanken Fonder AB now owns 39,500 shares of the basic materials company’s stock valued at $2,490,000 after acquiring an additional 13,500 shares during the period. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Stock Performance

Shares of NYSE EMN opened at $71.96 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $73.56 and a 200-day simple moving average of $70.28. The company has a market cap of $8.23 billion, a PE ratio of 20.86, a P/E/G ratio of 0.91 and a beta of 1.04. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47.

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

Eastman Chemical Announces Dividend

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

Analysts Set New Price Targets

EMN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price 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 target price on Eastman Chemical in a research note on Friday, May 1st. Wells Fargo & Company lifted their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their target price on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley lifted their target price on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.