Brookstone Capital Management Sells 9,250 Shares of Eastman Chemical Company $EMN

Brookstone Capital Management trimmed its stake in shares of Eastman Chemical Company (NYSE:EMN) by 6.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 134,112 shares of the basic materials company’s stock after selling 9,250 shares during the quarter. Brookstone Capital Management owned about 0.12% of Eastman Chemical worth $10,235,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. MUFG Securities EMEA plc acquired a new position in Eastman Chemical in the second quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Eastman Chemical during the fourth quarter worth about $25,000. Brown Lisle Cummings Inc. increased its holdings 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 during the period. Garton & Associates Financial Advisors LLC bought a new position in Eastman Chemical in the 4th quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Eastman Chemical in the 4th quarter valued at approximately $27,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. upped their target price on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised their target price on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Mizuho set a $85.00 price target on Eastman Chemical in a research note on Friday, May 1st. Finally, Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Stock Performance

NYSE EMN opened at $71.89 on Tuesday. The firm’s fifty day moving average price is $73.31 and its two-hundred day moving average price is $71.30. The stock has a market cap of $8.22 billion, a PE ratio of 20.84, a PEG ratio of 0.92 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 debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company 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%.Eastman Chemical’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, equities analysts expect that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

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. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s payout ratio is 97.39%.

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.