13,513 Shares in Eastman Chemical Company $EMN Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,513 shares of the basic materials company’s stock, valued at approximately $905,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMN. Lido Advisors LLC grew 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. Altshuler Shaham Ltd raised its holdings in shares of Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 145 shares in the last quarter. Generali Asset Management SPA SGR raised its position in shares of Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after buying an additional 149 shares in the last quarter. UMB Bank n.a. raised its position in shares of Eastman Chemical by 6.2% during the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock valued at $164,000 after buying an additional 150 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Eastman Chemical by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock valued at $1,389,000 after acquiring an additional 153 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EMN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $74.00 target price on shares of Eastman Chemical in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. The Goldman Sachs Group reiterated a “neutral” rating and set a $75.00 price objective on shares of Eastman Chemical in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada raised their target price on shares of Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.17.

Eastman Chemical Stock Performance

Shares of NYSE:EMN opened at $71.97 on Wednesday. The firm’s 50 day simple moving average is $70.49 and its 200-day simple moving average is $72.61. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47. The firm has a market cap of $8.23 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. Eastman Chemical’s quarterly revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, equities analysts predict that Eastman Chemical Company will post 6.5 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 15th. Eastman Chemical’s dividend payout ratio is currently 87.50%.

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.