HighTower Advisors LLC Increases Stake in Eastman Chemical Company $EMN

HighTower Advisors LLC raised its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 3,448.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,695,842 shares of the basic materials company’s stock after acquiring an additional 1,648,054 shares during the period. HighTower Advisors LLC’s holdings in Eastman Chemical were worth $108,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMN. MUFG Securities EMEA plc purchased a new stake in Eastman Chemical in the second quarter worth about $25,000. Brown Lisle Cummings Inc. increased its position 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 worth $27,000 after buying an additional 175 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in Eastman Chemical in the fourth quarter worth about $33,000. Rothschild Investment LLC increased its position in Eastman Chemical by 65.6% in the third quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company’s stock worth $36,000 after buying an additional 229 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Eastman Chemical by 97.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company’s stock worth $39,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EMN. KeyCorp reissued an “overweight” rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Wells Fargo & Company increased their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Bank of America increased their price objective on shares of Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, UBS Group increased their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Stock Performance

NYSE:EMN opened at $68.15 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. The stock has a 50-day moving average price of $72.22 and a 200 day moving average price of $68.99. The stock has a market capitalization of $7.79 billion, a P/E ratio of 19.75, a P/E/G ratio of 0.90 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company 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%. Eastman Chemical’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last 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 forecast that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is presently 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.