Eastman Chemical Company $EMN Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,231,029 shares of the basic materials company’s stock after selling 34,600 shares during the period. LSV Asset Management owned approximately 1.08% of Eastman Chemical worth $78,577,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. State Street Corp boosted its stake in shares of Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after buying an additional 1,112,391 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Eastman Chemical by 14.4% during the third quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company’s stock worth $255,515,000 after buying an additional 509,290 shares during the period. Bank of America Corp DE boosted its stake in shares of Eastman Chemical by 6.1% during the second quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock worth $184,909,000 after buying an additional 143,323 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Eastman Chemical by 97.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after buying an additional 916,023 shares during the period. Finally, HighTower Advisors LLC boosted its stake 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. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Trading Up 1.3%

NYSE EMN opened at $74.13 on Friday. The stock has a market capitalization of $8.48 billion, a P/E ratio of 21.49, a P/E/G ratio of 0.94 and a beta of 1.04. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. The firm has a 50-day moving average price of $72.45 and a 200 day moving average price of $69.20. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period 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 research analysts expect that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.5%. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Analyst Upgrades and Downgrades

EMN has been the subject of several recent research reports. Evercore set a $75.00 target price on shares of Eastman Chemical in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Bank of America increased their price target on shares of Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Mizuho set a $85.00 price target on shares of Eastman Chemical in a report on Friday, May 1st. Finally, Morgan Stanley increased their price target on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.25.

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.