Franklin Resources Inc. Boosts Stock Holdings in Eastman Chemical Company $EMN

Franklin Resources Inc. raised its holdings in Eastman Chemical Company (NYSE:EMN) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,722,964 shares of the basic materials company’s stock after acquiring an additional 20,634 shares during the period. Franklin Resources Inc.’s holdings in Eastman Chemical were worth $237,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Lido Advisors LLC increased its stake in shares of Eastman Chemical by 0.6% in the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after purchasing an additional 125 shares in the last quarter. Generali Asset Management SPA SGR increased its stake in shares of Eastman Chemical by 9.6% in the fourth quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 149 shares in the last quarter. QRG Capital Management Inc. grew its stake in Eastman Chemical by 0.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock valued at $1,472,000 after acquiring an additional 158 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Eastman Chemical by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 20,145 shares of the basic materials company’s stock valued at $1,286,000 after acquiring an additional 162 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Price Performance

EMN stock opened at $72.86 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47. The stock has a market cap of $8.33 billion, a PE ratio of 21.12, a P/E/G ratio of 0.91 and a beta of 1.04. The firm has a 50 day simple moving average of $73.57 and a two-hundred day simple moving average of $70.49.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The business’s quarterly revenue 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. On average, analysts predict that Eastman Chemical Company will post 6.36 EPS for the current fiscal year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s payout ratio is currently 97.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EMN shares. Morgan Stanley boosted their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Citigroup boosted their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. UBS Group boosted their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $82.00 price objective on shares of Eastman Chemical in a research note on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company 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.