Eastman Chemical Company $EMN Stock: Letko Brosseau & Associates Inc. Reduces Stake

Posted by George Bondi on Nov 13th, 2026

Letko Brosseau & Associates Inc. reduced its stake in Eastman Chemical Company (NYSE:EMN – Free Report) by 1.1% in the third quarter, HoldingsChannel reports. The fund owned 1,186,355 shares of the basic materials company’s stock after selling 12,885 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Eastman Chemical were worth $76,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EMN. WINTON GROUP Ltd bought a new stake in Eastman Chemical during the second quarter worth approximately $1,453,000. Man Group plc bought a new position in Eastman Chemical during the 2nd quarter valued at $5,471,000. State Street Corp boosted its stake in Eastman Chemical by 0.7% during the 2nd quarter. State Street Corp now owns 4,169,105 shares of the basic materials company’s stock valued at $282,741,000 after purchasing an additional 29,010 shares in the last quarter. Bank of America Corp DE boosted its stake in Eastman Chemical by 10.1% during the 2nd quarter. Bank of America Corp DE now owns 2,469,976 shares of the basic materials company’s stock valued at $165,439,000 after purchasing an additional 225,905 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida acquired a new position in shares of Eastman Chemical during the 3rd quarter valued at $1,154,000. 83.65% of the stock is currently owned by institutional investors.

Eastman Chemical Price Performance

NYSE EMN opened at $65.66 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.79 and a debt-to-equity ratio of 0.70. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47. The company has a market cap of $7.51 billion, a PE ratio of 11.66, a PEG ratio of 0.92 and a beta of 1.07. The stock’s 50-day moving average price is $65.66 and its two-hundred day moving average price is $70.79.

Eastman Chemical (NYSE:EMN – Get Free Report) last announced its earnings results on Thursday, October 29th. The basic materials company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.08). The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.41 billion. Eastman Chemical had a return on equity of 10.59% and a net margin of 7.15%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, analysts predict that Eastman Chemical Company will post 6.10 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EMN. Deutsche Bank reissued a “hold” rating and issued a $74.00 price objective on shares of Eastman Chemical in a research note on Monday, August 3rd. KeyCorp started coverage on Eastman Chemical in a report on Thursday, September 10th. They issued a “sector weight” rating for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $72.00 target price on shares of Eastman Chemical in a research note on Monday, November 2nd. Barclays lifted their target price on Eastman Chemical from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Finally, Zacks Research cut shares of Eastman Chemical from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.79.

Read Our Latest Report on Eastman Chemical

About Eastman Chemical

(Free Report)

Eastman Chemical Company is a global specialty materials and chemicals company founded in 1920 in Kingsport, Tennessee. Originally part of Eastman Kodak, it became an independent company in 1994. Eastman develops and manufactures materials and chemical products for customers in a wide range of industries. Its products include specialty plastics and films, performance additives, chemical intermediates, and cellulose acetate fibers. These materials are used in applications such as transportation, building and construction, consumer goods, electronics, packaging, and healthcare.