Profund Advisors LLC Buys Shares of 11,733 Eastman Chemical Company $EMN

Profund Advisors LLC bought a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 11,733 shares of the basic materials company’s stock, valued at approximately $749,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MUFG Securities EMEA plc purchased a new stake in shares of Eastman Chemical in the second quarter worth $25,000. Brown Lisle Cummings Inc. increased its stake in shares of 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 purchasing an additional 175 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Eastman Chemical in the fourth quarter worth $33,000. Rothschild Investment LLC increased its stake in shares of 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 purchasing an additional 229 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of 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 purchasing an additional 301 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $74.13 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. The firm has a fifty day moving average price of $72.45 and a 200 day moving average price of $69.20. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.93 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. Eastman Chemical’s revenue for the quarter was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, sell-side analysts expect that Eastman Chemical Company will post 6.36 earnings per share 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 given a dividend of $0.84 per share. The ex-dividend date is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.5%. Eastman Chemical’s dividend payout ratio is currently 97.39%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. 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. 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. Morgan Stanley increased their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Zacks Research raised shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. 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 investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Eastman Chemical presently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

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.