Eastman Chemical Company $EMN Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its position in Eastman Chemical Company (NYSE:EMN) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 880,126 shares of the basic materials company’s stock after selling 16,162 shares during the quarter. Clearbridge Investments LLC owned approximately 0.77% of Eastman Chemical worth $56,178,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EMN. Brighton Jones LLC acquired a new stake in shares of Eastman Chemical in the 4th quarter valued at about $202,000. Integrated Wealth Concepts LLC lifted its position in 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 acquiring an additional 4,345 shares during the period. Millennium Management LLC lifted its position in 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 acquiring an additional 79,376 shares during the period. NewEdge Advisors LLC grew its stake in shares of Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after purchasing an additional 183 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Eastman Chemical in the first quarter valued at approximately $252,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $71.59 on Tuesday. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 0.91 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’s 50-day moving average price is $73.54 and its 200 day moving average price is $70.38. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data 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 firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm’s revenue was down 4.9% on a year-over-year basis. 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. As a group, research analysts forecast that Eastman Chemical Company will post 6.36 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio is presently 97.39%.

Analyst Ratings Changes

EMN has been the topic of a number of recent research reports. Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Mizuho set a $85.00 target price on Eastman Chemical in a report on Friday, May 1st. Citigroup boosted their target price on Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group boosted their target price on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada boosted 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. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

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.