Horizon Investments LLC Grows Position in Eastman Chemical Company $EMN

Horizon Investments LLC raised its stake in shares of Eastman Chemical Company (NYSE:EMN) by 3,022.6% during the fourth quarter, HoldingsChannel reports. The firm owned 100,078 shares of the basic materials company’s stock after purchasing an additional 96,873 shares during the quarter. Horizon Investments LLC’s holdings in Eastman Chemical were worth $6,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EMN. State Street Corp grew its holdings in shares of Eastman Chemical by 24.3% during the third quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after buying an additional 1,112,391 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Eastman Chemical by 97.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after acquiring an additional 916,023 shares during the period. DAVENPORT & Co LLC purchased a new position in Eastman Chemical in the 4th quarter worth $39,545,000. Arrowstreet Capital Limited Partnership lifted its position in Eastman Chemical by 576.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 707,304 shares of the basic materials company’s stock worth $44,596,000 after acquiring an additional 602,677 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Eastman Chemical by 14.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company’s stock worth $255,515,000 after acquiring an additional 509,290 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

NYSE EMN opened at $77.35 on Friday. The firm has a market capitalization of $8.83 billion, a P/E ratio of 22.42, a PEG ratio of 1.05 and a beta of 1.04. The stock has a 50-day simple moving average of $72.58 and a two-hundred day simple moving average of $68.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.37. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $84.18.

Eastman Chemical (NYSE:EMN) last issued its 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. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a return on equity of 8.94% and a net margin of 4.62%.The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, equities analysts forecast that Eastman Chemical Company will post 5.85 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, March 13th. Eastman Chemical’s dividend payout ratio is currently 82.15%.

Trending Headlines about Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Q1 EPS beat: Eastman reported $1.09 EPS vs. consensus $1.07, a small upside that helped reassure investors that margins and pricing actions are holding. Eastman Chemical (EMN) Q1 Earnings Surpass Estimates
• Positive Sentiment: Raised Q2 guidance: Management set Q2 2026 EPS guidance of $1.70–$1.90 versus a consensus ~$1.67, signaling confidence in near-term pricing, product mix and Chemical Intermediates strength. This outlook likely drove buying interest. Company Guidance Announcement
• Positive Sentiment: Pricing & portfolio tailwinds: Analysts and the company highlighted pricing actions and strength in Chemical Intermediates as offsetting weaker demand — a thematic driver for sentiment improvement. EMN Q1 Earnings Beat Estimates, Revenues Miss on Lower Y/Y Volume
• Neutral Sentiment: Management commentary and materials available: The full earnings call transcript, slide deck and press release provide additional color on costs, cash flow and segment performance for investors doing deeper due diligence. Eastman Chemical Company (EMN) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Top-line vs. estimates: Revenue was $2.18B vs. ~$2.17B expected — essentially in line, but details by end market matter for investors assessing cyclicality. MarketBeat Q1 Coverage
• Negative Sentiment: Volume and YoY profit decline: Revenue fell ~4.9% YoY and Q1 EPS declined sharply from $1.91 a year ago to $1.09, reflecting weaker volumes and prior-year comparisons — a residual headwind to valuation until growth visibly returns. Eastman Chemical: Q1 Earnings Snapshot

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore set a $75.00 price objective on Eastman Chemical in a report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $79.00 target price on shares of Eastman Chemical in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft upped their target price on Eastman Chemical from $64.00 to $72.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Bank of America raised their price target on shares of Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, UBS Group lifted 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. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.27.

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.