Valley Wealth Managers Inc. Invests $4.62 Million in Eastman Chemical Company $EMN

Valley Wealth Managers Inc. bought a new stake in Eastman Chemical Company (NYSE:EMN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 60,571 shares of the basic materials company’s stock, valued at approximately $4,623,000.

Several other large investors also recently bought and sold shares of the business. QSM Asset Management Ltd lifted its holdings in shares of Eastman Chemical by 27.0% in the 4th quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock valued at $7,676,000 after acquiring an additional 25,550 shares during the last quarter. Horizon Investments LLC increased its stake in Eastman Chemical by 3,022.6% during the fourth quarter. Horizon Investments LLC now owns 100,078 shares of the basic materials company’s stock worth $6,388,000 after acquiring an additional 96,873 shares during the last quarter. State of Alaska Department of Revenue raised its position in Eastman Chemical by 84.2% during the fourth quarter. State of Alaska Department of Revenue now owns 100,129 shares of the basic materials company’s stock valued at $6,390,000 after purchasing an additional 45,774 shares during the period. DDD Partners LLC bought a new stake in shares of Eastman Chemical in the 4th quarter valued at approximately $15,425,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Eastman Chemical by 21.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 559,128 shares of the basic materials company’s stock valued at $35,689,000 after purchasing an additional 99,883 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

EMN stock opened at $68.67 on Friday. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.88 and a beta of 1.07. The business’s fifty day simple moving average is $71.49 and its two-hundred day simple moving average is $71.95. 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 (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 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 was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts predict that Eastman Chemical Company will post 6.3 earnings per share for the current year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 15th. Eastman Chemical’s payout ratio is 97.39%.

Analyst Upgrades and Downgrades

EMN has been the topic of several analyst reports. Morgan Stanley cut their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Citigroup reduced their target price on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

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.