Eastman Chemical Company $EMN Shares Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP boosted its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 110.5% in the 4th quarter, Holdings Channel reports. The firm owned 277,223 shares of the basic materials company’s stock after buying an additional 145,533 shares during the period. Invenomic Capital Management LP’s holdings in Eastman Chemical were worth $17,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMN. Brighton Jones LLC acquired a new stake in Eastman Chemical during the fourth quarter valued at approximately $202,000. Integrated Wealth Concepts LLC lifted its stake in Eastman Chemical by 185.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after purchasing an additional 4,345 shares during the last quarter. Millennium Management LLC lifted its stake in Eastman Chemical by 69.2% during the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after purchasing an additional 79,376 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Eastman Chemical by 2.6% during the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after purchasing an additional 183 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Eastman Chemical during the first quarter valued at approximately $252,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Stock Down 1.9%

Shares of NYSE:EMN opened at $71.91 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. The company has a market cap of $8.22 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47. The firm has a 50 day simple moving average of $73.41 and a 200 day simple moving average of $71.07.

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

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be given a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.7%. Eastman Chemical’s dividend payout ratio is presently 97.39%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup increased their target price on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Evercore set a $75.00 price target on shares of Eastman Chemical in a research report on Wednesday, February 18th. UBS Group upped their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

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.