Gateway Investment Advisers LLC Makes New $3.66 Million Investment in Eastman Chemical Company $EMN

Gateway Investment Advisers LLC bought a new position in shares of Eastman Chemical Company (NYSE:EMN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 54,589 shares of the basic materials company’s stock, valued at approximately $3,656,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EMN. Lido Advisors LLC raised 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 purchasing an additional 125 shares during the period. Altshuler Shaham Ltd grew its holdings in Eastman Chemical by 36.9% in the first 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 period. Generali Asset Management SPA SGR increased its position in shares of Eastman Chemical by 9.6% in the fourth quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock valued at $109,000 after buying an additional 149 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Eastman Chemical by 6.2% during the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock valued at $164,000 after buying an additional 150 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its position in shares of Eastman Chemical by 3.2% during the 4th quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock valued at $318,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Down 3.0%

NYSE EMN opened at $72.56 on Thursday. The business has a fifty day moving average price of $70.39 and a 200 day moving average price of $72.45. 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 has a market cap of $8.30 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.93 and a beta of 1.06. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47.

Eastman Chemical (NYSE:EMN) last announced its 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. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Research analysts anticipate that Eastman Chemical Company will post 6.43 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently disclosed 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. This represents a $3.36 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s dividend payout ratio is currently 87.50%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EMN shares. Wells Fargo & Company boosted their price target on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Citigroup dropped their target price on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their target price on shares of Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 price target on shares of Eastman Chemical in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their price target 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. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Eastman Chemical 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.