Lombard Odier Asset Management USA Corp Takes Position in Eastman Chemical Company $EMN

Lombard Odier Asset Management USA Corp purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,811 shares of the basic materials company’s stock, valued at approximately $749,000.

Several other hedge funds have also modified their holdings of EMN. QSM Asset Management Ltd lifted its position in Eastman Chemical by 27.0% during the 4th quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock valued at $7,676,000 after purchasing an additional 25,550 shares during the period. Horizon Investments LLC boosted its holdings in shares of Eastman Chemical by 3,022.6% in the fourth quarter. Horizon Investments LLC now owns 100,078 shares of the basic materials company’s stock valued at $6,388,000 after buying an additional 96,873 shares during the period. Deprince Race & Zollo Inc. boosted its stake in Eastman Chemical by 21.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 559,128 shares of the basic materials company’s stock worth $35,689,000 after purchasing an additional 99,883 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Eastman Chemical by 84.2% during the fourth quarter. State of Alaska Department of Revenue now owns 100,129 shares of the basic materials company’s stock worth $6,390,000 after buying an additional 45,774 shares in the last quarter. Finally, DDD Partners LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter valued at approximately $15,425,000. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Stock Up 0.4%

Shares of NYSE EMN opened at $68.16 on Friday. The stock has a 50-day moving average price of $71.00 and a two-hundred day moving average price of $72.11. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.88 and a beta of 1.07. 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.

Eastman Chemical (NYSE:EMN) last posted 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. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $1.91 earnings per share. The business’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. As a group, analysts forecast that Eastman Chemical Company will post 6.3 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho set a $85.00 price objective on Eastman Chemical in a report on Friday, May 1st. Royal Bank Of Canada increased their price target on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised 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. Morgan Stanley decreased 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. Finally, UBS Group increased their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $80.50.

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.