9,393 Shares in Eastman Chemical Company $EMN Acquired by PEAK6 LLC

PEAK6 LLC purchased a new position in Eastman Chemical Company (NYSE:EMN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,393 shares of the basic materials company’s stock, valued at approximately $629,000.

Other hedge funds also recently made changes to their positions in the company. Lido Advisors LLC boosted its stake in shares of Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock valued at $1,297,000 after purchasing an additional 125 shares during the period. Altshuler Shaham Ltd increased its stake in Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after buying an additional 145 shares during the period. Generali Asset Management SPA SGR lifted its holdings in Eastman Chemical by 9.6% in the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after buying an additional 149 shares in the last quarter. UMB Bank n.a. lifted its holdings in Eastman Chemical by 6.2% in the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after buying an additional 150 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in Eastman Chemical by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock valued at $1,389,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Up 0.1%

Shares of NYSE EMN opened at $74.20 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $70.56 and its two-hundred day moving average price is $72.68. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. The stock has a market capitalization of $8.49 billion, a P/E ratio of 19.32, a PEG ratio of 0.91 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm earned $1.60 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, analysts anticipate that Eastman Chemical Company will post 6.5 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 4.5%. Eastman Chemical’s payout ratio is presently 87.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EMN shares. Wall Street Zen raised Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Royal Bank Of Canada raised their price objective on Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Citigroup dropped their price objective on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $74.00 target price on shares of Eastman Chemical in a research report on Monday, August 3rd. Finally, Wells Fargo & Company raised 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 report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.17.

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.