Bessemer Group Inc. Has $9.65 Million Stock Holdings in Eastman Chemical Company $EMN

Bessemer Group Inc. raised its stake in Eastman Chemical Company (NYSE:EMN) by 27.0% in the 1st quarter, HoldingsChannel reports. The firm owned 126,496 shares of the basic materials company’s stock after acquiring an additional 26,884 shares during the quarter. Bessemer Group Inc.’s holdings in Eastman Chemical were worth $9,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMN. QSM Asset Management Ltd increased its position in Eastman Chemical by 27.0% in 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 buying an additional 25,550 shares in the last quarter. Horizon Investments LLC boosted its holdings in 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 acquiring an additional 96,873 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in 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 acquiring an additional 45,774 shares in the last quarter. DDD Partners LLC acquired a new stake in Eastman Chemical in the fourth quarter valued at approximately $15,425,000. Finally, Deprince Race & Zollo Inc. grew its stake in 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 valued at $35,689,000 after acquiring an additional 99,883 shares during the period. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EMN. Royal Bank Of Canada upped their target price on Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. 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 research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Citigroup lowered their price objective 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. Finally, Morgan Stanley dropped their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Eastman Chemical presently has an average rating of “Moderate Buy” and an average price target of $80.50.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $68.67 on Monday. 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 business has a 50 day moving average price of $71.49 and a 200-day moving average price of $72.01. The company has a market cap of $7.85 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) 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 company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. Eastman Chemical’s quarterly revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts anticipate that Eastman Chemical Company will post 6.3 earnings per share for the current fiscal 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 issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 15th. Eastman Chemical’s payout ratio is currently 97.39%.

Eastman Chemical 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.