16,144 Shares in Eastman Chemical Company $EMN Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in shares of Eastman Chemical Company (NYSE:EMN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 16,144 shares of the basic materials company’s stock, valued at approximately $1,030,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Systematic Financial Management LP grew its stake in Eastman Chemical by 12.5% during the 4th quarter. Systematic Financial Management LP now owns 37,585 shares of the basic materials company’s stock worth $2,399,000 after buying an additional 4,165 shares during the last quarter. Prospera Financial Services Inc grew its stake in Eastman Chemical by 13.0% during the 4th quarter. Prospera Financial Services Inc now owns 31,663 shares of the basic materials company’s stock worth $2,021,000 after buying an additional 3,648 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Eastman Chemical during the 4th quarter worth $3,784,000. Axxcess Wealth Management LLC grew its stake in Eastman Chemical by 15.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 4,320 shares of the basic materials company’s stock worth $276,000 after buying an additional 589 shares during the last quarter. Finally, Van Hulzen Asset Management LLC bought a new position in Eastman Chemical during the 4th quarter worth $210,000. 83.65% of the stock is currently owned by institutional investors.

Eastman Chemical Trading Up 2.1%

NYSE:EMN opened at $75.92 on Thursday. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 0.94 and a beta of 1.04. The business has a fifty day moving average of $72.76 and a 200-day moving average of $69.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47.

Eastman Chemical (NYSE:EMN) last released its quarterly 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 company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business posted $1.91 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts predict that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.4%. Eastman Chemical’s dividend payout ratio is 97.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EMN shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $82.00 price objective on shares of Eastman Chemical in a research note on Tuesday, May 5th. Bank of America upped their price objective on Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada increased their price target 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. JPMorgan Chase & Co. increased their price target on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Morgan Stanley increased their price target on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Eastman Chemical currently has a consensus rating of “Moderate Buy” and an average target price of $80.25.

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.