Canandaigua National Bank & Trust Co. Makes New Investment in Eastman Chemical Company $EMN

Canandaigua National Bank & Trust Co. acquired a new position in Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,019 shares of the basic materials company’s stock, valued at approximately $1,676,000.

Other large investors have also added to or reduced their stakes in the company. Horizon Investments LLC boosted its holdings in shares of Eastman Chemical by 3,022.6% during the 4th quarter. Horizon Investments LLC now owns 100,078 shares of the basic materials company’s stock worth $6,388,000 after buying an additional 96,873 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Eastman Chemical by 21.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 559,128 shares of the basic materials company’s stock worth $35,689,000 after acquiring an additional 99,883 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Eastman Chemical by 81.8% in the fourth quarter. Yousif Capital Management LLC now owns 23,169 shares of the basic materials company’s stock worth $1,534,000 after purchasing an additional 10,428 shares during the period. State of Alaska Department of Revenue increased its stake in Eastman Chemical by 84.2% in the fourth quarter. State of Alaska Department of Revenue now owns 100,129 shares of the basic materials company’s stock valued at $6,390,000 after purchasing an additional 45,774 shares in the last quarter. Finally, DDD Partners LLC bought a new position in shares of Eastman Chemical during the 4th quarter worth about $15,425,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group boosted their target price on Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Royal Bank Of Canada upped their target price on Eastman Chemical from $69.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research report on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.17.

Eastman Chemical Stock Down 0.6%

Shares of NYSE:EMN opened at $73.48 on Thursday. The business has a fifty day moving average price of $70.61 and a two-hundred day moving average price of $72.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 0.71. The company has a market capitalization of $8.40 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 0.92 and a beta of 1.06. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. Eastman Chemical’s revenue was up 9.9% on a year-over-year basis. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Analysts forecast that Eastman Chemical Company will post 6.39 earnings per share for the current year.

Eastman Chemical Company 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.