Hsbc Holdings PLC Grows Position in Eastman Chemical Company $EMN

Hsbc Holdings PLC increased its position in shares of Eastman Chemical Company (NYSE:EMN) by 879.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,888 shares of the basic materials company’s stock after purchasing an additional 33,123 shares during the quarter. Hsbc Holdings PLC’s holdings in Eastman Chemical were worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EMN. First Horizon Corp purchased a new position in Eastman Chemical during the first quarter valued at $527,000. Kestra Advisory Services LLC raised its stake in Eastman Chemical by 9.6% during the first quarter. Kestra Advisory Services LLC now owns 78,584 shares of the basic materials company’s stock worth $5,998,000 after purchasing an additional 6,906 shares during the period. Childress Capital Advisors LLC lifted its holdings in Eastman Chemical by 109.3% in the first quarter. Childress Capital Advisors LLC now owns 7,560 shares of the basic materials company’s stock valued at $577,000 after acquiring an additional 3,948 shares during the last quarter. Integrated Advisors Network LLC purchased a new position in shares of Eastman Chemical during the 1st quarter worth $2,411,000. Finally, Abel Hall LLC purchased a new position in Eastman Chemical during the first quarter worth about $504,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMN. UBS Group boosted their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Morgan Stanley lowered their price objective on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price 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. Citigroup decreased their price objective on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.50.

Eastman Chemical Stock Performance

NYSE EMN opened at $68.16 on Friday. The business has a 50 day moving average price of $71.00 and a 200 day moving average price of $72.11. The company has a market capitalization of $7.79 billion, a P/E ratio of 19.76, a PEG ratio of 0.88 and a beta of 1.07. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $1.91 earnings per share. Eastman Chemical’s quarterly revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Sell-side analysts expect that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is 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.