Allworth Financial LP Reduces Position in Eastman Chemical Company $EMN

Allworth Financial LP trimmed its position in Eastman Chemical Company (NYSE:EMN) by 37.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,604 shares of the basic materials company’s stock after selling 76,322 shares during the period. Allworth Financial LP’s holdings in Eastman Chemical were worth $8,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Eastman Chemical by 4.9% in the third quarter. Thrivent Financial for Lutherans now owns 523,191 shares of the basic materials company’s stock worth $32,987,000 after purchasing an additional 24,458 shares during the last quarter. Federated Hermes Inc. boosted its position in Eastman Chemical by 65.5% in the third quarter. Federated Hermes Inc. now owns 109,042 shares of the basic materials company’s stock valued at $6,875,000 after buying an additional 43,159 shares during the last quarter. QSM Asset Management Ltd increased its holdings in Eastman Chemical by 27.0% in the 4th quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock worth $7,676,000 after buying an additional 25,550 shares during the period. HighTower Advisors LLC raised its position in Eastman Chemical by 42.7% during the 3rd quarter. HighTower Advisors LLC now owns 47,788 shares of the basic materials company’s stock worth $3,013,000 after buying an additional 14,294 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in Eastman Chemical by 1,353.7% during the 3rd quarter. Strengthening Families & Communities LLC now owns 37,608 shares of the basic materials company’s stock valued at $2,515,000 after acquiring an additional 35,021 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective 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. Citigroup boosted their target price on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Wells Fargo & Company lifted their price objective on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Evercore set a $75.00 price objective on Eastman Chemical in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Eastman Chemical currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Stock Down 1.3%

Shares of EMN opened at $71.54 on Friday. The firm has a market cap of $8.18 billion, a P/E ratio of 20.74, a PEG ratio of 0.92 and a beta of 1.04. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $83.47. The stock’s 50 day moving average is $72.29 and its two-hundred day moving average is $68.86. 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 (NYSE:EMN) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping 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 business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company posted $1.91 EPS. 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. Analysts predict that Eastman Chemical Company will post 6.33 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders 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 yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is presently 97.39%.

Eastman Chemical Company 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.