Man Group plc Invests $5.47 Million in Eastman Chemical Company $EMN

Man Group plc acquired a new stake in Eastman Chemical Company (NYSE:EMN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 81,674 shares of the basic materials company’s stock, valued at approximately $5,471,000. Man Group plc owned approximately 0.07% of Eastman Chemical at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMN. Lido Advisors LLC grew its position in Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after acquiring an additional 125 shares during the period. Altshuler Shaham Ltd increased its position in shares of Eastman Chemical by 36.9% in the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 145 shares during the last quarter. Generali Asset Management SPA SGR lifted its stake in Eastman Chemical by 9.6% during the fourth 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. lifted its position in Eastman Chemical by 6.2% in the fourth quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 150 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Eastman Chemical by 0.7% in the second quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock valued at $1,389,000 after acquiring an additional 153 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $73.19 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The business has a 50-day moving average of $70.52 and a two-hundred day moving average of $72.55. The stock has a market capitalization of $8.37 billion, a P/E ratio of 19.06, a P/E/G ratio of 0.90 and a beta of 1.06. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) 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 company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the business posted $1.60 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, equities research analysts predict 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. Investors of record on Tuesday, September 15th will be given a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.6%. Eastman Chemical’s dividend payout ratio is currently 87.50%.

Analyst Ratings Changes

EMN has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a report on Thursday, July 16th. Citigroup lowered their price objective on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Wall Street Zen raised Eastman Chemical from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 price objective on shares of Eastman Chemical in a research note on Monday, August 3rd. Finally, UBS Group increased their target price on Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.17.

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.