Masters Capital Management LLC Trims Holdings in Eastman Chemical Company $EMN

Masters Capital Management LLC trimmed its holdings in Eastman Chemical Company (NYSE:EMN) by 81.8% in the 1st quarter, Holdings Channel reports. The fund owned 200,000 shares of the basic materials company’s stock after selling 900,000 shares during the quarter. Masters Capital Management LLC’s holdings in Eastman Chemical were worth $15,264,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in Eastman Chemical in the second quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Eastman Chemical during the fourth quarter valued at approximately $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Eastman Chemical in the 4th quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Eastman Chemical in the 4th quarter worth approximately $27,000. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EMN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. UBS Group boosted their target price on Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Citigroup cut their target price on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Eastman Chemical presently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $68.16 on Monday. The firm has a market cap of $7.79 billion, a P/E ratio of 19.76, a PEG ratio of 0.88 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The company has a 50 day moving average of $71.00 and a 200 day moving average of $72.16.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates 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 for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, research analysts expect that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Eastman Chemical 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.