First Trust Advisors LP Acquires 84,058 Shares of Eastman Chemical Company $EMN

First Trust Advisors LP raised its stake in shares of Eastman Chemical Company (NYSE:EMN) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,888 shares of the basic materials company’s stock after buying an additional 84,058 shares during the quarter. First Trust Advisors LP’s holdings in Eastman Chemical were worth $51,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. QSM Asset Management Ltd boosted its holdings in shares of Eastman Chemical by 27.0% during the 4th quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock valued at $7,676,000 after purchasing an additional 25,550 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of Eastman Chemical by 3,022.6% in the fourth quarter. Horizon Investments LLC now owns 100,078 shares of the basic materials company’s stock worth $6,388,000 after purchasing an additional 96,873 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Eastman Chemical by 84.2% in the fourth quarter. State of Alaska Department of Revenue now owns 100,129 shares of the basic materials company’s stock worth $6,390,000 after purchasing an additional 45,774 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Eastman Chemical by 21.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 559,128 shares of the basic materials company’s stock worth $35,689,000 after buying an additional 99,883 shares in the last quarter. Finally, DDD Partners LLC purchased a new stake in shares of Eastman Chemical in the fourth quarter worth about $15,425,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EMN. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Morgan Stanley decreased their price objective on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company increased their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Mizuho set a $85.00 price target on shares of Eastman Chemical in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.50.

Eastman Chemical Trading Down 0.1%

Shares of EMN stock opened at $68.16 on Monday. The company has a market cap of $7.79 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47. The stock’s 50 day simple moving average is $71.00 and its two-hundred day simple moving average is $72.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.

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, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $1.91 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Research analysts predict that Eastman Chemical Company will post 6.3 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 15th. Eastman Chemical’s payout ratio is presently 97.39%.

Eastman Chemical Company 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.