Oppenheimer Asset Management Inc. Makes New $2.20 Million Investment in Eastman Chemical Company $EMN

Oppenheimer Asset Management Inc. purchased a new stake in shares of Eastman Chemical Company (NYSE:EMN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,872 shares of the basic materials company’s stock, valued at approximately $2,202,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brookmont Capital Management grew its holdings in shares of Eastman Chemical by 1.9% during the second quarter. Brookmont Capital Management now owns 15,962 shares of the basic materials company’s stock valued at $1,069,000 after buying an additional 300 shares during the last quarter. D.A. Davidson & CO. raised its stake 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 worth $1,389,000 after acquiring an additional 153 shares during the last quarter. Signaturefd LLC lifted its position in Eastman Chemical by 19.4% during the 2nd quarter. Signaturefd LLC now owns 4,191 shares of the basic materials company’s stock worth $281,000 after acquiring an additional 682 shares during the period. Apollon Wealth Management LLC lifted its position in Eastman Chemical by 13.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 3,435 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 420 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Eastman Chemical during the 2nd quarter valued at about $990,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

NYSE EMN opened at $74.05 on Monday. The firm has a market capitalization of $8.47 billion, a P/E ratio of 19.28, a PEG ratio of 0.91 and a beta of 1.06. The stock has a 50-day simple moving average of $70.45 and a two-hundred day simple moving average of $72.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47.

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 analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities analysts forecast that Eastman Chemical Company will post 6.5 earnings per share for the current year.

Eastman Chemical Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EMN shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $75.00 price objective on shares of Eastman Chemical in a report on Thursday, July 16th. Wells Fargo & Company upped their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $74.00 price target on shares of Eastman Chemical in a report on Monday, August 3rd. Citigroup reduced their price target on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.17.

Key Headlines Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $1.95 from $1.69, Q4 2026 to $1.38 from $1.33, Q1 2027 to $1.61 from $1.52, Q2 2027 to $1.73 from $1.69, and Q3 2027 to $1.77 from $1.70. Zacks also lifted its FY2027 estimate to $6.76 from $6.59, indicating stronger expected earnings momentum over the next several quarters. Eastman Chemical earnings estimate revisions
• Neutral Sentiment: The revisions leave Zacks’ FY2028 EPS forecast at $6.93, above the current-year consensus estimate of $6.43 but below its previous $7.09 forecast. Zacks also trimmed Q2 2028 EPS to $1.78 from $1.84 and Q4 2027 to $1.65 from $1.67, suggesting some longer-term caution despite the improved near-term outlook. Eastman Chemical earnings estimate revisions
• Positive Sentiment: A separate Zacks analysis described EMN as a strong value stock, which may support investor interest given the company’s earnings outlook and valuation profile. However, the article is a general style-rating assessment rather than a new operating or financial announcement. Here’s Why Eastman Chemical is a Strong Value Stock

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.