Norges Bank Takes Position in Eastman Chemical Company $EMN

Posted by Brian Himes on Jun 6th, 2026

Norges Bank bought a new stake in Eastman Chemical Company (NYSE:EMN – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,498,065 shares of the basic materials company’s stock, valued at approximately $95,621,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EMN. QSM Asset Management Ltd boosted its holdings in shares of Eastman Chemical by 27.0% during 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. HighTower Advisors LLC boosted its holdings in shares of Eastman Chemical by 42.7% during the 3rd quarter. HighTower Advisors LLC now owns 47,788 shares of the basic materials company’s stock valued at $3,013,000 after acquiring an additional 14,294 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Eastman Chemical by 119.9% during the 3rd quarter. Invenomic Capital Management LP now owns 131,690 shares of the basic materials company’s stock valued at $8,303,000 after acquiring an additional 71,794 shares during the last quarter. Numerai GP LLC boosted its holdings in shares of Eastman Chemical by 601.2% during the 3rd quarter. Numerai GP LLC now owns 37,551 shares of the basic materials company’s stock valued at $2,368,000 after acquiring an additional 32,196 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Eastman Chemical by 51.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 39,500 shares of the basic materials company’s stock valued at $2,490,000 after acquiring an additional 13,500 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

NYSE:EMN opened at $71.96 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. The stock has a 50-day moving average price of $73.56 and a 200 day moving average price of $70.19. The stock has a market capitalization of $8.23 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.92 and a beta of 1.04.

Eastman Chemical (NYSE:EMN – Get Free Report) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the business posted $1.91 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities research analysts forecast that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be given a dividend of $0.84 per share. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

Analysts Set New Price Targets

EMN has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a report on Tuesday, May 5th. Royal Bank Of Canada increased their target price on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. UBS Group increased their target price on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. increased their target price on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Read Our Latest Stock Report on EMN

Eastman Chemical Profile

(Free Report)

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.