NewEdge Advisors LLC Raises Holdings in Eastman Chemical Company $EMN

NewEdge Advisors LLC lifted its position in shares of Eastman Chemical Company (NYSE:EMN) by 110.4% during the first quarter, Holdings Channel reports. The firm owned 59,119 shares of the basic materials company’s stock after acquiring an additional 31,024 shares during the quarter. NewEdge Advisors LLC’s holdings in Eastman Chemical were worth $4,512,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in EMN. MUFG Securities EMEA plc purchased a new position in Eastman Chemical during the 2nd quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Eastman Chemical during the fourth quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its stake in Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Eastman Chemical in the fourth quarter valued at approximately $27,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter valued at approximately $27,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

NYSE:EMN opened at $70.02 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07. The firm’s fifty day moving average price is $70.80 and its 200 day moving average price is $72.16. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47.

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. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. Eastman Chemical’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, sell-side analysts expect that Eastman Chemical Company will post 6.3 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were given a $0.84 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.8%. Eastman Chemical’s dividend payout ratio (DPR) is presently 97.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price 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. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research note on Friday, May 1st. Morgan Stanley lowered their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $75.00 price target on shares of Eastman Chemical in a report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.