Sequoia Financial Advisors LLC Boosts Holdings in Eastman Chemical Company $EMN

Sequoia Financial Advisors LLC grew its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 108.1% during the 4th quarter, HoldingsChannel reports. The fund owned 17,871 shares of the basic materials company’s stock after acquiring an additional 9,282 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Eastman Chemical were worth $1,141,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EMN. MUFG Securities EMEA plc bought a new position in shares of Eastman Chemical in the second quarter worth approximately $25,000. Brown Lisle Cummings Inc. grew its holdings in shares of Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in shares of Eastman Chemical in the fourth quarter worth approximately $33,000. Rothschild Investment LLC grew its holdings in shares of Eastman Chemical by 65.6% in the third quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 229 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Eastman Chemical by 97.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 301 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Royal Bank Of Canada raised their price target on Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their price target on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Evercore set a $75.00 target price on shares of Eastman Chemical in a report on Wednesday, February 18th. Finally, KeyCorp restated an “overweight” rating on shares of Eastman Chemical in a report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Price Performance

NYSE EMN opened at $74.25 on Wednesday. The company has a 50-day moving average price of $72.39 and a 200-day moving average price of $68.69. The firm has a market capitalization of $8.49 billion, a P/E ratio of 21.52, a PEG ratio of 0.95 and a beta of 1.04. 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 52 week low of $56.11 and a 52 week high of $83.61.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) 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 the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $1.91 EPS. The firm’s 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. Equities research analysts anticipate that Eastman Chemical Company will post 6.33 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be issued 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 of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio is 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.