SVB Wealth LLC Cuts Stake in Eastman Chemical Company $EMN

SVB Wealth LLC cut its stake in Eastman Chemical Company (NYSE:EMN) by 79.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,186 shares of the basic materials company’s stock after selling 39,385 shares during the period. SVB Wealth LLC’s holdings in Eastman Chemical were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EMN. MUFG Securities EMEA plc purchased a new position in Eastman Chemical during the second quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Eastman Chemical during the 4th quarter worth $25,000. Brown Lisle Cummings Inc. increased its holdings in shares of Eastman Chemical by 70.0% during the 4th 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 during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Eastman Chemical in the 4th quarter worth $27,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Eastman Chemical in the 4th quarter worth $27,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EMN shares. Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Morgan Stanley raised their price objective on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Citigroup boosted their target price on Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Finally, Mizuho set a $85.00 price target on shares of Eastman Chemical in a report on Friday, May 1st. Seven 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, Eastman Chemical has an average rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Stock Down 3.5%

Shares of NYSE EMN opened at $69.43 on Wednesday. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. The company has a market cap of $7.94 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.91 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $73.22 and a 200 day moving average price of $71.35.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Research analysts anticipate that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio is currently 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.