Northwestern Mutual Wealth Management Co. Boosts Position in Eastman Chemical Company $EMN

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 376.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,495 shares of the basic materials company’s stock after purchasing an additional 68,350 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.08% of Eastman Chemical worth $5,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EMN. Brighton Jones LLC acquired a new stake in shares of Eastman Chemical during the 4th quarter worth about $202,000. Integrated Wealth Concepts LLC increased its position in shares of Eastman Chemical by 185.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after purchasing an additional 4,345 shares during the last quarter. Millennium Management LLC increased its position in shares of Eastman Chemical by 69.2% during the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after purchasing an additional 79,376 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Eastman Chemical by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after purchasing an additional 183 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Eastman Chemical during the 1st quarter worth about $252,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EMN. Morgan Stanley raised their price objective on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Bank of America raised their price objective on Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. KeyCorp reissued an “overweight” rating on shares of Eastman Chemical in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price target 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. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.25.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $74.13 on Friday. The firm has a market cap of $8.48 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $72.45 and its two-hundred day moving average is $69.20.

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

Eastman Chemical Dividend Announcement

The business 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 of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.5%. Eastman Chemical’s payout ratio is currently 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.