Integrated Advisors Network LLC Invests $2.41 Million in Eastman Chemical Company $EMN

Integrated Advisors Network LLC acquired a new position in shares of Eastman Chemical Company (NYSE:EMN) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,592 shares of the basic materials company’s stock, valued at approximately $2,411,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in shares of Eastman Chemical by 3,448.7% during the fourth quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock worth $108,246,000 after buying an additional 1,648,054 shares during the period. Norges Bank acquired a new position in Eastman Chemical during the 4th quarter worth about $95,621,000. State Street Corp lifted its stake in Eastman Chemical by 24.3% during the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Eastman Chemical by 97.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after acquiring an additional 916,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Eastman Chemical by 101.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,425,806 shares of the basic materials company’s stock valued at $91,009,000 after acquiring an additional 718,502 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

Shares of EMN opened at $69.64 on Wednesday. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 0.89 and a beta of 1.07. The firm’s fifty day simple moving average is $72.40 and its 200-day simple moving average is $71.76. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. 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 posted its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm 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%.Eastman Chemical’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts forecast that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be paid 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 4.8%. Eastman Chemical’s payout ratio is presently 97.39%.

Analysts Set New Price Targets

EMN has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. JPMorgan Chase & Co. upped their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. 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 report on Wednesday, June 24th. Morgan Stanley decreased their price target on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company boosted 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 note on Monday, May 4th. Seven 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 presently has an average rating of “Moderate Buy” and an average price target of $79.67.

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.