The Manufacturers Life Insurance Company Invests $2.19 Million in Eastman Chemical Company $EMN

The Manufacturers Life Insurance Company acquired a new position in shares of Eastman Chemical Company (NYSE:EMN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 32,665 shares of the basic materials company’s stock, valued at approximately $2,188,000.

A number of other large investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new position in shares of Eastman Chemical during the second quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Eastman Chemical during the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Eastman Chemical in the 4th quarter valued at about $27,000. Los Angeles Capital Management LLC acquired a new stake in shares of Eastman Chemical during the fourth quarter worth about $27,000. Finally, McMillan Office Inc. acquired a new position in shares of Eastman Chemical in the fourth quarter valued at approximately $29,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EMN. UBS Group raised their price target on shares of Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Citigroup cut their price objective on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Wall Street Zen raised Eastman Chemical from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Morgan Stanley cut their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada boosted their price objective on Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.17.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $72.23 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47. The firm’s 50 day moving average is $70.58 and its two-hundred day moving average is $72.32. The firm has a market capitalization of $8.26 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.86 and a beta of 1.07.

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

Eastman Chemical Dividend Announcement

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