NewEdge Advisors LLC Has $4.79 Million Stock Holdings in Eastman Chemical Company $EMN

NewEdge Advisors LLC boosted its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 123.6% in the first quarter, HoldingsChannel reports. The fund owned 62,829 shares of the basic materials company’s stock after buying an additional 34,734 shares during the quarter. NewEdge Advisors LLC’s holdings in Eastman Chemical were worth $4,795,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Eastman Chemical in the fourth quarter worth approximately $202,000. Integrated Wealth Concepts LLC raised its holdings in shares of Eastman Chemical by 185.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after purchasing an additional 4,345 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after purchasing an additional 79,376 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Eastman Chemical in the 1st quarter valued at $252,000. Finally, Woodline Partners LP boosted its holdings in Eastman Chemical by 39.8% in the first quarter. Woodline Partners LP now owns 9,730 shares of the basic materials company’s stock worth $857,000 after purchasing an additional 2,769 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EMN shares. Wall Street Zen upgraded Eastman Chemical from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Wells Fargo & Company boosted their target price on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $74.00 price target on shares of Eastman Chemical in a report on Monday, August 3rd. Finally, UBS Group boosted their price objective on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.17.

Eastman Chemical Stock Performance

NYSE EMN opened at $74.73 on Wednesday. The company’s fifty day moving average is $70.43 and its two-hundred day moving average is $72.42. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.91 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $1.60 EPS. The company’s quarterly 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. Equities research analysts forecast that Eastman Chemical Company will post 6.43 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.5%. Eastman Chemical’s payout ratio is currently 87.50%.

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.