Arrowstreet Capital Limited Partnership Boosts Stake in Eastman Chemical Company $EMN

Arrowstreet Capital Limited Partnership lifted its position in shares of Eastman Chemical Company (NYSE:EMN) by 101.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,425,806 shares of the basic materials company’s stock after acquiring an additional 718,502 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.25% of Eastman Chemical worth $91,009,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc purchased a new stake in shares of Eastman Chemical during the 2nd quarter worth about $25,000. Brown Lisle Cummings Inc. lifted its stake in Eastman Chemical by 70.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Eastman Chemical in the 4th quarter valued at about $27,000. McMillan Office Inc. purchased a new position in Eastman Chemical in the 4th quarter valued at about $29,000. Finally, Quarry LP purchased a new position in Eastman Chemical in the 4th quarter valued at about $30,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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 research note on Monday, May 4th. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research note on Friday, May 1st. Evercore set a $75.00 price target on shares of Eastman Chemical in a research note on Wednesday, February 18th. UBS Group raised their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Trading Up 0.1%

EMN opened at $75.27 on Tuesday. 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 company’s 50 day simple moving average is $73.48 and its two-hundred day simple moving average is $70.91. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 0.96 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts expect that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.84 per share. The ex-dividend date is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.5%. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

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.