Impala Asset Management LLC Purchases Shares of 115,000 Eastman Chemical Company $EMN

Impala Asset Management LLC acquired a new position in shares of Eastman Chemical Company (NYSE:EMN) in the 1st quarter, HoldingsChannel reports. The fund acquired 115,000 shares of the basic materials company’s stock, valued at approximately $8,777,000. Eastman Chemical makes up 4.1% of Impala Asset Management LLC’s investment portfolio, making the stock its 6th largest position.

Several other large investors also recently made changes to their positions in EMN. Brighton Jones LLC acquired a new position in shares of Eastman Chemical during the fourth quarter worth about $202,000. Integrated Wealth Concepts LLC raised its holdings in shares of Eastman Chemical by 185.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after buying an additional 4,345 shares during the period. Millennium Management LLC raised its holdings in shares of Eastman Chemical by 69.2% during the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after buying an additional 79,376 shares during the period. NewEdge Advisors LLC lifted its position in Eastman Chemical by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after acquiring an additional 183 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Eastman Chemical in the 1st quarter worth approximately $252,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and set a $75.00 target price on shares of Eastman Chemical in a research report on Thursday, July 16th. Wells Fargo & Company upped their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Royal Bank Of Canada raised their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley dropped their price target on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $69.21 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The business has a 50 day moving average price of $71.16 and a two-hundred day moving average price of $72.11. The firm has a market cap of $7.91 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS 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 return on equity of 8.88% and a net margin of 4.62%.The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Sell-side analysts expect that Eastman Chemical Company will post 6.3 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s dividend payout ratio is 97.39%.

About Eastman Chemical

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.