Recurrent Investment Advisors LLC Buys 47,305 Shares of Eastman Chemical Company $EMN

Recurrent Investment Advisors LLC lifted its position in Eastman Chemical Company (NYSE:EMN) by 118.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 87,136 shares of the basic materials company’s stock after purchasing an additional 47,305 shares during the quarter. Recurrent Investment Advisors LLC’s holdings in Eastman Chemical were worth $6,650,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EMN shares. Morgan Stanley decreased their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Citigroup cut their price objective on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Wells Fargo & Company raised their target price 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, Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Eastman Chemical currently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Eastman Chemical Stock Performance

EMN stock opened at $68.10 on Wednesday. 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 company has a 50 day moving average price of $70.93 and a 200 day moving average price of $72.17. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The stock has a market capitalization of $7.79 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 0.87 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $2.18 billion for 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%.The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts forecast that Eastman Chemical Company will post 6.3 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 15th were issued a $0.84 dividend. The ex-dividend date was Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.9%. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

About Eastman Chemical

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.