Franklin Resources Inc. Purchases 20,634 Shares of Eastman Chemical Company $EMN

Franklin Resources Inc. lifted its position in shares of Eastman Chemical Company (NYSE:EMN) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,722,964 shares of the basic materials company’s stock after purchasing an additional 20,634 shares during the period. Franklin Resources Inc. owned 3.26% of Eastman Chemical worth $237,637,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Lido Advisors LLC lifted its position in shares of Eastman Chemical by 0.6% during the fourth 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 in the last quarter. Generali Asset Management SPA SGR lifted its position in shares of 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 valued at $109,000 after purchasing an additional 149 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Eastman Chemical by 0.7% during 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 purchasing an additional 158 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Eastman Chemical by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 20,145 shares of the basic materials company’s stock valued at $1,286,000 after purchasing an additional 162 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EMN. Wells Fargo & Company lifted their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Eastman Chemical in a research report on Tuesday, May 5th. Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research report on Friday, May 1st. Citigroup lifted their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, UBS Group lifted their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Eastman Chemical currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Stock Performance

Shares of EMN stock opened at $72.86 on Wednesday. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 0.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47. The firm’s 50-day simple moving average is $73.57 and its two-hundred day simple moving average is $70.49.

Eastman Chemical (NYSE:EMN) last posted 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. 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 company’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the company earned $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, equities analysts forecast that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be paid a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.6%. 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.