Union Bancaire Privee UBP SA Acquires Shares of 51,574 Eastman Chemical Company $EMN

Union Bancaire Privee UBP SA bought a new stake in Eastman Chemical Company (NYSE:EMN) during the 1st quarter, HoldingsChannel reports. The firm bought 51,574 shares of the basic materials company’s stock, valued at approximately $3,936,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Eastman Chemical in the 4th quarter worth about $202,000. Integrated Wealth Concepts LLC lifted its position in shares of Eastman Chemical by 185.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after acquiring an additional 4,345 shares in the last quarter. Millennium Management LLC lifted its position in shares of Eastman Chemical by 69.2% in the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after acquiring an additional 79,376 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Eastman Chemical by 2.6% in the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after acquiring an additional 183 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Eastman Chemical during the first quarter worth approximately $252,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $70.83 on Friday. The business’s 50 day moving average price is $73.04 and its 200 day moving average price is $71.48. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.90 and a beta of 1.04. 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 Company has a one year low of $56.11 and a one year high of $83.47.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business earned $1.91 EPS. The firm’s quarterly 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. On average, research analysts predict that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Dividend Announcement

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

Wall Street Analyst Weigh In

EMN has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Morgan Stanley lifted their target price on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Mizuho set a $85.00 target price on shares of Eastman Chemical in a research report on Friday, May 1st. Citigroup decreased 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. Finally, Royal Bank Of Canada boosted their price target on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.