Clearbridge Investments LLC Reduces Position in Eastman Chemical Company $EMN

Clearbridge Investments LLC decreased its stake in shares of Eastman Chemical Company (NYSE:EMN) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 880,126 shares of the basic materials company’s stock after selling 16,162 shares during the period. Clearbridge Investments LLC’s holdings in Eastman Chemical were worth $56,178,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp increased its position in 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 worth $363,314,000 after buying an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Eastman Chemical by 14.4% during 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 buying an additional 509,290 shares in the last quarter. Bank of America Corp DE increased its position in Eastman Chemical by 6.1% during 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 buying an additional 143,323 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Eastman Chemical by 97.0% during 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 buying an additional 916,023 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Eastman Chemical by 3,448.7% during the fourth quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock worth $108,246,000 after buying an additional 1,648,054 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EMN shares. UBS Group raised their price target on Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. JPMorgan Chase & Co. raised their price objective on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research upgraded Eastman Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Royal Bank Of Canada raised their price objective on 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Price Performance

Shares of Eastman Chemical stock opened at $71.59 on Tuesday. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The stock has a market capitalization of $8.19 billion, a P/E ratio of 20.75, a PEG ratio of 0.91 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $73.54 and its 200 day moving average price is $70.38.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share 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 firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm earned $1.91 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, research analysts anticipate that Eastman Chemical Company will post 6.36 earnings per share for the current 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 paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s payout ratio 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.