Caisse de depot et placement du Quebec Takes $17.32 Million Position in Eastman Chemical Company $EMN

Caisse de depot et placement du Quebec acquired a new position in Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 258,646 shares of the basic materials company’s stock, valued at approximately $17,324,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMN. Lido Advisors LLC increased its holdings 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 buying an additional 125 shares during the period. Altshuler Shaham Ltd raised its position in Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after buying an additional 145 shares during the last quarter. Generali Asset Management SPA SGR lifted its stake in Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 149 shares during the period. UMB Bank n.a. boosted its holdings in shares of 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 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 2nd 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 last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of NYSE EMN opened at $73.19 on Friday. The company has a market capitalization of $8.37 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50. The company’s fifty day moving average price is $70.52 and its 200 day moving average price is $72.55. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, topping 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 business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, research analysts predict that Eastman Chemical Company will post 6.5 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.6%. Eastman Chemical’s dividend payout ratio is currently 87.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EMN shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $74.00 price objective on shares of Eastman Chemical in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Mizuho set a $85.00 price target on Eastman Chemical in a research report on Friday, May 1st. Wells Fargo & Company lifted their price objective on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price objective on Eastman Chemical from $69.00 to $74.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.