Bar Harbor Wealth Management Grows Stock Holdings in Eastman Chemical Company $EMN

Bar Harbor Wealth Management increased its position in shares of Eastman Chemical Company (NYSE:EMN) by 47.6% in the first quarter, HoldingsChannel.com reports. The firm owned 100,175 shares of the basic materials company’s stock after acquiring an additional 32,294 shares during the quarter. Bar Harbor Wealth Management’s holdings in Eastman Chemical were worth $7,645,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EMN. Lido Advisors LLC raised its stake in Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock valued at $1,297,000 after buying an additional 125 shares in the last quarter. Generali Asset Management SPA SGR boosted its position in shares of Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 149 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Eastman Chemical by 6.2% during the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 150 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in shares of Eastman Chemical by 3.2% in the 4th quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 153 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Eastman Chemical by 0.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock worth $1,472,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 3.5%

NYSE EMN opened at $69.43 on Wednesday. The firm’s fifty day moving average is $73.22 and its two-hundred day moving average is $71.35. Eastman Chemical Company has a one year low of $56.11 and a one year 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. The firm has a market cap of $7.94 billion, a PE ratio of 20.12, a P/E/G ratio of 0.91 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last announced 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 business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts expect that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.8%. Eastman Chemical’s payout ratio is presently 97.39%.

Analysts Set New Price Targets

EMN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. UBS Group lifted their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Citigroup boosted their price target 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. Finally, Morgan Stanley upped their price objective on shares of 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.