Eastman Chemical Company $EMN Holdings Reduced by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in Eastman Chemical Company (NYSE:EMN) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,113 shares of the basic materials company’s stock after selling 7,084 shares during the period. Fifth Third Bancorp’s holdings in Eastman Chemical were worth $1,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in Eastman Chemical by 4.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 523,191 shares of the basic materials company’s stock worth $32,987,000 after buying an additional 24,458 shares in the last quarter. Federated Hermes Inc. lifted its position in Eastman Chemical by 65.5% during the 3rd quarter. Federated Hermes Inc. now owns 109,042 shares of the basic materials company’s stock worth $6,875,000 after buying an additional 43,159 shares in the last quarter. QSM Asset Management Ltd lifted its position in Eastman Chemical by 27.0% during the 4th quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock worth $7,676,000 after buying an additional 25,550 shares in the last quarter. HighTower Advisors LLC lifted its position in Eastman Chemical by 42.7% during the 3rd quarter. HighTower Advisors LLC now owns 47,788 shares of the basic materials company’s stock worth $3,013,000 after buying an additional 14,294 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its position in Eastman Chemical by 1,353.7% during the 3rd quarter. Strengthening Families & Communities LLC now owns 37,608 shares of the basic materials company’s stock worth $2,515,000 after buying an additional 35,021 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on EMN shares. Citigroup boosted their price target on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho set a $85.00 target price on shares of Eastman Chemical in a report on Friday. Zacks Research raised shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings raised shares of Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, February 18th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Eastman Chemical in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $78.82.

Eastman Chemical Stock Down 1.0%

Shares of EMN stock opened at $76.77 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.37. The firm’s 50-day moving average is $72.58 and its 200-day moving average is $68.11. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.05 and a beta of 1.04. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $84.18.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.94%. Eastman Chemical’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Sell-side analysts predict that Eastman Chemical Company will post 5.85 EPS for the current year.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, March 13th. Eastman Chemical’s dividend payout ratio is currently 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.