Eastman Chemical Company $EMN Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Eastman Chemical Company (NYSE:EMNFree Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,147,650 shares of the basic materials company’s stock after buying an additional 90,297 shares during the period. Sei Investments Co.’s holdings in Eastman Chemical were worth $87,589,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EMN. State Street Corp raised its holdings in shares of Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Eastman Chemical by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,936,789 shares of the basic materials company’s stock worth $376,747,000 after purchasing an additional 338,914 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Eastman Chemical by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock worth $237,637,000 after purchasing an additional 20,634 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Eastman Chemical by 39.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,592,691 shares of the basic materials company’s stock valued at $196,552,000 after buying an additional 732,693 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Eastman Chemical by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock valued at $184,909,000 after buying an additional 143,323 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $82.00 price objective on shares of Eastman Chemical in a research report on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Citigroup dropped their price target on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. The Goldman Sachs Group restated a “neutral” rating and set a $75.00 price target on shares of Eastman Chemical in a report on Thursday, July 16th. Finally, Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.50.

Check Out Our Latest Stock Report on EMN

Eastman Chemical Trading Up 0.4%

NYSE:EMN opened at $68.16 on Friday. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $83.47. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 0.87 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $71.00 and its 200-day moving average is $72.11.

Eastman Chemical (NYSE:EMNGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business 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%. Eastman Chemical’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts anticipate that Eastman Chemical Company will post 6.3 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. Eastman Chemical’s payout ratio is currently 97.39%.

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.

Further Reading

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Institutional Ownership by Quarter for Eastman Chemical (NYSE:EMN)

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