15,801 Shares in Eastman Chemical Company $EMN Purchased by 1492 Capital Management LLC

1492 Capital Management LLC purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) in the first quarter, HoldingsChannel reports. The institutional investor purchased 15,801 shares of the basic materials company’s stock, valued at approximately $1,206,000.

Other institutional investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new stake in shares of Eastman Chemical in the 2nd quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Eastman Chemical during the 4th quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its position in shares of Eastman Chemical by 70.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after buying an additional 175 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Eastman Chemical in the 4th quarter valued at $27,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Eastman Chemical in the 4th quarter valued at $27,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Trading Up 0.3%

EMN stock opened at $70.83 on Friday. The business has a fifty day moving average price of $73.04 and a 200 day moving average price of $71.48. 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 Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 0.90 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last posted 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. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous 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 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EMN shares. Morgan Stanley increased their price objective on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Citigroup reduced their target price on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $82.00 target price on shares of Eastman Chemical in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price target 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. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Eastman Chemical presently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.