Northwestern Mutual Wealth Management Co. Takes $905,000 Position in Eastman Chemical Company $EMN

Northwestern Mutual Wealth Management Co. purchased a new position in Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 13,513 shares of the basic materials company’s stock, valued at approximately $905,000.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in Eastman Chemical during the 4th quarter valued at $202,000. Integrated Wealth Concepts LLC increased its holdings in shares of Eastman Chemical by 185.6% in the 1st 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 during the period. Millennium Management LLC raised its position in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after acquiring an additional 79,376 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Eastman Chemical by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after purchasing an additional 183 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Eastman Chemical during the 1st quarter worth $252,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup cut their target price on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Mizuho set a $85.00 price target on shares of Eastman Chemical in a report on Friday, May 1st. UBS Group lifted their price objective on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.17.

Eastman Chemical Stock Down 1.0%

Shares of EMN stock opened at $71.97 on Wednesday. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The stock’s fifty day moving average price is $70.49 and its 200 day moving average price is $72.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.76. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company posted $1.60 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, research analysts expect that Eastman Chemical Company will post 6.5 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. Eastman Chemical’s dividend payout ratio is 87.50%.

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.