Eastman Chemical Company $EMN Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP increased its holdings in Eastman Chemical Company (NYSE:EMN) by 46.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,095 shares of the basic materials company’s stock after buying an additional 17,510 shares during the quarter. Systematic Financial Management LP’s holdings in Eastman Chemical were worth $4,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EMN. MUFG Securities EMEA plc acquired a new position in Eastman Chemical during the 2nd quarter worth $25,000. Altshuler Shaham Ltd bought a new position in shares of Eastman Chemical in the fourth quarter worth $25,000. Brown Lisle Cummings Inc. increased its holdings in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eastman Chemical during the fourth quarter valued at $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Eastman Chemical during the fourth quarter valued at about $27,000. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Up 0.4%

Shares of Eastman Chemical stock opened at $68.16 on Friday. 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 firm has a market cap of $7.79 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.87 and a beta of 1.07. The business has a fifty day simple moving average of $71.00 and a 200-day simple moving average of $72.11. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, equities analysts forecast that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were given a dividend of $0.84 per share. The ex-dividend date was Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.9%. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. JPMorgan Chase & Co. raised their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup dropped their price target on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Royal Bank Of Canada upped their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Eastman Chemical has a consensus rating of “Moderate Buy” and an average price target of $80.50.

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.