NewEdge Advisors LLC Grows Holdings in Eastman Chemical Company $EMN

NewEdge Advisors LLC boosted its position in Eastman Chemical Company (NYSE:EMN) by 123.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,829 shares of the basic materials company’s stock after buying an additional 34,734 shares during the quarter. NewEdge Advisors LLC owned 0.05% of Eastman Chemical worth $4,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMN. MUFG Securities EMEA plc purchased a new stake in shares of Eastman Chemical during the second quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in Eastman Chemical in the fourth quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in Eastman Chemical during the 4th quarter valued at approximately $27,000. Los Angeles Capital Management LLC purchased a new stake in Eastman Chemical during the 4th quarter worth approximately $27,000. Finally, McMillan Office Inc. purchased a new stake in Eastman Chemical during the 4th quarter worth approximately $29,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $74.73 on Wednesday. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. 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’s fifty day moving average price is $70.43 and its two-hundred day moving average price is $72.42. The firm has a market capitalization of $8.55 billion, a PE ratio of 19.46, a P/E/G ratio of 0.91 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $1.60 EPS. Eastman Chemical’s 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, research analysts expect that Eastman Chemical Company will post 6.43 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 4.5%. Eastman Chemical’s dividend payout ratio (DPR) is currently 87.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EMN shares. Morgan Stanley reduced their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup decreased their price objective on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Mizuho set a $85.00 target price on shares of Eastman Chemical in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.