Thrivent Financial for Lutherans Acquires 94,679 Shares of Eastman Chemical Company $EMN

Thrivent Financial for Lutherans lifted its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 617,870 shares of the basic materials company’s stock after acquiring an additional 94,679 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Eastman Chemical were worth $39,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Eastman Chemical by 14.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company’s stock worth $255,515,000 after purchasing an additional 509,290 shares during the period. Bank of America Corp DE grew its stake in Eastman Chemical by 6.1% in the second quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock worth $184,909,000 after purchasing an additional 143,323 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Eastman Chemical by 97.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after purchasing an additional 916,023 shares during the period. Finally, LSV Asset Management grew its stake in Eastman Chemical by 5.3% in the third quarter. LSV Asset Management now owns 1,265,629 shares of the basic materials company’s stock worth $79,798,000 after purchasing an additional 64,147 shares during the period. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

EMN opened at $71.54 on Friday. The stock has a 50-day moving average price of $72.29 and a 200-day moving average price of $68.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The firm has a market cap of $8.18 billion, a PE ratio of 20.74, a P/E/G ratio of 0.91 and a beta of 1.04. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.Eastman Chemical’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Sell-side analysts predict that Eastman Chemical Company will post 6.36 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s payout ratio is currently 97.39%.

Wall Street Analyst Weigh In

EMN has been the topic of several recent research reports. Royal Bank Of Canada upped 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. Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. KeyCorp reaffirmed an “overweight” rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Citigroup upped their price target on Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Key Stories Impacting Eastman Chemical

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

• Positive Sentiment: Several analysts at Zacks Research raised near- and medium-term earnings estimates for Eastman Chemical, including Q2 2026, Q3 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027, FY2026, and FY2027, signaling slightly improved profit expectations.
• Positive Sentiment: Price target hikes from Morgan Stanley and RBC suggest some Wall Street firms see more upside in EMN than before. Article: Eastman Chemical (EMN) Gets Price Target Hikes from Morgan Stanley and RBC
• Neutral Sentiment: Zacks Research maintained a Hold rating overall, so the earnings estimate increases were not enough to turn the firm more bullish on the stock.
• Negative Sentiment: Zacks also cut some longer-dated forecasts, including Q1 2027 and Q1 2028 EPS, and trimmed FY2028 estimates, which may temper optimism about Eastman Chemical’s longer-term earnings trajectory. Article: Zacks Research Issues Pessimistic Outlook for EMN Earnings

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.