Motley Fool Asset Management LLC Has $2.04 Million Position in Eastman Chemical Company $EMN

Motley Fool Asset Management LLC reduced its holdings in Eastman Chemical Company (NYSE:EMN) by 32.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,927 shares of the basic materials company’s stock after selling 15,023 shares during the period. Motley Fool Asset Management LLC’s holdings in Eastman Chemical were worth $2,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Eastman Chemical in the 4th quarter valued at about $202,000. Integrated Wealth Concepts LLC grew its position in shares of Eastman Chemical by 185.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after acquiring an additional 4,345 shares during the period. Millennium Management LLC grew its position in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after acquiring an additional 79,376 shares during the period. NewEdge Advisors LLC grew its position in shares of Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after acquiring an additional 183 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Eastman Chemical in the 1st quarter valued at about $252,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EMN shares. JPMorgan Chase & Co. lifted their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted 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. Mizuho set a $85.00 target price on shares of Eastman Chemical in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $82.00 target price on shares of Eastman Chemical in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Stock Performance

NYSE EMN opened at $71.41 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.17 billion, a P/E ratio of 20.70, a P/E/G ratio of 0.93 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 firm has a 50-day moving average price of $73.55 and a two-hundred day moving average price of $70.59.

Eastman Chemical (NYSE:EMN) last posted 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. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts anticipate that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. Eastman Chemical’s payout ratio 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.