Eastman Chemical Company $EMN Holdings Lifted by Invenomic Capital Management LP

Invenomic Capital Management LP grew its position in Eastman Chemical Company (NYSE:EMN) by 110.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 277,223 shares of the basic materials company’s stock after purchasing an additional 145,533 shares during the period. Invenomic Capital Management LP owned approximately 0.24% of Eastman Chemical worth $17,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC grew its position in Eastman Chemical by 0.6% in the 4th quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after purchasing an additional 125 shares during the last quarter. Generali Asset Management SPA SGR grew its position in Eastman Chemical by 9.6% in the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 149 shares during the last quarter. UMB Bank n.a. grew its position in Eastman Chemical by 6.2% in the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 150 shares during the last quarter. Jacobi Capital Management LLC grew its position in Eastman Chemical by 3.2% in the 4th quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 153 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in Eastman Chemical by 0.7% in the 4th quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock worth $1,472,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 1.9%

Eastman Chemical stock opened at $71.91 on Thursday. The firm has a 50 day simple moving average of $73.41 and a 200-day simple moving average of $71.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The stock has a market capitalization of $8.22 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $2.18 billion during 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 8.88%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, equities research analysts expect that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Analysts Set New Price Targets

Several research analysts have commented on EMN shares. Zacks Research upgraded shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Wells Fargo & Company upped their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. UBS Group upped their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Royal Bank Of Canada upped their target price on shares of 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, Evercore set a $75.00 target price 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

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.