51,574 Shares in Eastman Chemical Company $EMN Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 51,574 shares of the basic materials company’s stock, valued at approximately $3,936,000.

Several other institutional investors and hedge funds have also bought and sold shares of EMN. MUFG Securities EMEA plc acquired a new stake in shares of Eastman Chemical in the second quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Eastman Chemical during the fourth quarter valued at $25,000. Brown Lisle Cummings Inc. lifted its position in 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 during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Eastman Chemical in the fourth quarter valued at $27,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Eastman Chemical in the fourth quarter valued at $27,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMN. Mizuho set a $85.00 price objective on Eastman Chemical in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. JPMorgan Chase & Co. boosted their price target on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their price objective on Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Finally, UBS Group raised their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. 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 company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Eastman Chemical Trading Up 0.3%

EMN stock opened at $70.83 on Friday. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. 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 firm has a market cap of $8.10 billion, a P/E ratio of 20.53, a PEG ratio of 0.90 and a beta of 1.04. The company’s 50-day simple moving average is $73.04 and its 200-day simple moving average is $71.48.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating 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 revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 EPS. 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 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.7%. Eastman Chemical’s payout ratio is 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.