Shoker Investment Counsel Inc. Acquires Shares of 25,680 Eastman Chemical Company $EMN

Shoker Investment Counsel Inc. acquired a new stake in shares of Eastman Chemical Company (NYSE:EMN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,680 shares of the basic materials company’s stock, valued at approximately $1,639,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Colonial River Investments LLC raised its position in shares of Eastman Chemical by 17.2% during the fourth quarter. Colonial River Investments LLC now owns 4,371 shares of the basic materials company’s stock valued at $279,000 after buying an additional 640 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Eastman Chemical during the 4th quarter valued at approximately $345,000. Generali Asset Management SPA SGR boosted 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 acquiring an additional 149 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Eastman Chemical by 108.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,871 shares of the basic materials company’s stock valued at $1,141,000 after acquiring an additional 9,282 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Eastman Chemical by 3.1% during the 4th quarter. Gateway Investment Advisers LLC now owns 27,472 shares of the basic materials company’s stock valued at $1,754,000 after acquiring an additional 825 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on EMN shares. Wells Fargo & Company increased their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Bank of America increased their target price on Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada increased their target price on Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Citigroup increased their price target on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Evercore set a $75.00 price target on shares of Eastman Chemical in a research report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Price Performance

Shares of EMN stock opened at $73.63 on Monday. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $84.18. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 0.94 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. The stock’s 50-day simple moving average is $72.46 and its 200-day simple moving average is $68.43.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis. 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 6.33 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.84 per share. The ex-dividend date is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.6%. Eastman Chemical’s payout ratio is presently 97.39%.

About Eastman Chemical

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.