59,290 Shares in Eastman Chemical Company $EMN Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Eastman Chemical Company (NYSE:EMN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,290 shares of the basic materials company’s stock, valued at approximately $3,784,000.

A number of other large investors have also recently made changes to their positions in EMN. Brighton Jones LLC purchased a new stake in shares of Eastman Chemical during the fourth quarter worth approximately $202,000. Integrated Wealth Concepts LLC boosted its holdings in Eastman Chemical by 185.6% in the first 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 boosted its holdings in Eastman Chemical by 69.2% in the first 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 in the last quarter. NewEdge Advisors LLC boosted its holdings in Eastman Chemical by 2.6% in the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after purchasing an additional 183 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Eastman Chemical in the first quarter valued at approximately $252,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $74.53 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 twelve month low of $56.11 and a twelve month high of $83.47. The stock has a 50 day moving average of $72.63 and a two-hundred day moving average of $69.47. The stock has a market cap of $8.52 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.94 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $1.91 earnings per share. The firm’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. On average, research analysts forecast that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders 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 dividend yield of 4.5%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio is 97.39%.

Wall Street Analyst Weigh In

EMN has been the subject of a number of research analyst reports. Bank of America upped their price target on Eastman Chemical from $74.00 to $79.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. JPMorgan Chase & Co. upped their price target on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Evercore set a $75.00 price target on Eastman Chemical in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.25.

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.