Empowered Funds LLC Buys 47,923 Shares of Eastman Chemical Company $EMN

Empowered Funds LLC increased its stake in Eastman Chemical Company (NYSE:EMN) by 270.9% in the first quarter, Holdings Channel reports. The institutional investor owned 65,611 shares of the basic materials company’s stock after acquiring an additional 47,923 shares during the period. Empowered Funds LLC’s holdings in Eastman Chemical were worth $5,007,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Lido Advisors LLC raised its stake in shares of Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock valued at $1,297,000 after acquiring an additional 125 shares during the period. Generali Asset Management SPA SGR grew its holdings in Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 149 shares during the last quarter. UMB Bank n.a. raised its position in Eastman Chemical by 6.2% in the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 150 shares during the period. Jacobi Capital Management LLC lifted its stake in Eastman Chemical by 3.2% in the fourth quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 153 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Eastman Chemical by 0.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock valued at $1,472,000 after buying an additional 158 shares during the period. Institutional investors own 83.65% of the company’s stock.

More Eastman Chemical News

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Eastman reported adjusted earnings of $1.97 per share, above the $1.82 consensus estimate, while revenue reached $2.51 billion versus expectations of $2.40 billion. Earnings increased from $1.60 per share in the year-ago quarter. Eastman Chemical Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher sales volumes and mix contributed roughly 5% growth, while pricing added about 4%. Reported EBIT rose to $311 million from $222 million, demonstrating meaningful operating leverage. EMN Q2 Earnings Beat on Volume Growth and Higher Pricing
• Positive Sentiment: Management set third-quarter 2026 EPS guidance at approximately $1.97, above the $1.92 consensus estimate, and expects full-year operating cash flow to approach $900 million. Eastman Chemical Earnings Report
• Neutral Sentiment: Performance was uneven by segment: Chemical Intermediates sales surged 39%, while Advanced Materials and Additives & Functional Products each rose 5%; Fibers sales declined 11%. Eastman Chemical Q2 Earnings Snapshot
• Negative Sentiment: Operating cash flow was $224 million, slightly below the prior-year figure of $233 million, and the company remains exposed to geopolitical, raw-material and demand volatility. Commentary suggesting benefits from the Iran conflict may reflect temporary pricing or supply effects rather than durable growth. Eastman Chemical Benefits From Iran Conflict

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. JPMorgan Chase & Co. raised their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Citigroup lowered their target price on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Eastman Chemical Stock Down 0.0%

Shares of NYSE EMN opened at $70.04 on Friday. The stock’s fifty day simple moving average is $70.72 and its two-hundred day simple moving average is $72.15. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. 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 market capitalization of $8.01 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a return on equity of 9.53% and a net margin of 4.99%.The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, analysts expect that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were paid a $0.84 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.8%. Eastman Chemical’s dividend payout ratio is presently 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.