Miller Howard Investments Inc. NY Purchases 45,077 Shares of Eastman Chemical Company $EMN

Miller Howard Investments Inc. NY lifted its position in Eastman Chemical Company (NYSE:EMN) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 600,368 shares of the basic materials company’s stock after buying an additional 45,077 shares during the period. Miller Howard Investments Inc. NY’s holdings in Eastman Chemical were worth $45,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. QSM Asset Management Ltd lifted its stake 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 worth $7,676,000 after purchasing an additional 25,550 shares during the period. HighTower Advisors LLC grew its position in Eastman Chemical by 42.7% during the third quarter. HighTower Advisors LLC now owns 47,788 shares of the basic materials company’s stock valued at $3,013,000 after buying an additional 14,294 shares during the period. Invenomic Capital Management LP grew its position in Eastman Chemical by 119.9% during the third quarter. Invenomic Capital Management LP now owns 131,690 shares of the basic materials company’s stock valued at $8,303,000 after buying an additional 71,794 shares during the period. Numerai GP LLC increased its holdings in Eastman Chemical by 601.2% during the third quarter. Numerai GP LLC now owns 37,551 shares of the basic materials company’s stock valued at $2,368,000 after buying an additional 32,196 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Eastman Chemical by 31.8% during the third quarter. Huntington National Bank now owns 110,576 shares of the basic materials company’s stock valued at $6,972,000 after buying an additional 26,704 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EMN. UBS Group lifted their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Royal Bank Of Canada upped their price objective on Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Morgan Stanley lifted their target price on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Citigroup boosted their price target on Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.25.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $69.43 on Wednesday. The company has a market capitalization of $7.94 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.91 and a beta of 1.04. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The firm’s 50 day simple moving average is $73.22 and its two-hundred day simple moving average is $71.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (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 analysts’ expectations of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Research analysts expect that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.8%. Eastman Chemical’s dividend payout ratio is currently 97.39%.

About Eastman Chemical

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.