LSV Asset Management Acquires 64,147 Shares of Eastman Chemical Company $EMN

LSV Asset Management raised its holdings in Eastman Chemical Company (NYSE:EMN) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,265,629 shares of the basic materials company’s stock after acquiring an additional 64,147 shares during the period. LSV Asset Management owned about 1.10% of Eastman Chemical worth $79,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd boosted its position in Eastman Chemical by 235.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 66,200 shares of the basic materials company’s stock valued at $4,942,000 after buying an additional 46,453 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Eastman Chemical by 19.2% during the second quarter. Nisa Investment Advisors LLC now owns 67,112 shares of the basic materials company’s stock worth $5,066,000 after buying an additional 10,813 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Eastman Chemical by 4.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 523,191 shares of the basic materials company’s stock valued at $32,987,000 after acquiring an additional 24,458 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Eastman Chemical by 9.2% during the 2nd quarter. Bank of Montreal Can now owns 472,384 shares of the basic materials company’s stock valued at $35,268,000 after acquiring an additional 39,930 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Eastman Chemical by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 14,659,591 shares of the basic materials company’s stock worth $1,094,485,000 after acquiring an additional 79,988 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

Shares of EMN stock opened at $79.87 on Friday. The stock has a market capitalization of $9.11 billion, a PE ratio of 19.53, a PEG ratio of 1.79 and a beta of 1.23. The business’s 50 day simple moving average is $68.03 and its 200 day simple moving average is $65.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.76 and a quick ratio of 0.86. Eastman Chemical Company has a one year low of $56.11 and a one year high of $103.82.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). Eastman Chemical had a return on equity of 10.63% and a net margin of 5.42%.The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $1.87 EPS. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. As a group, research analysts forecast that Eastman Chemical Company will post 8.55 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.36 dividend on an annualized basis and a yield of 4.2%. Eastman Chemical’s dividend payout ratio is 82.15%.

Trending Headlines about Eastman Chemical

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

• Positive Sentiment: Zacks raised Q1 2026 EPS to $1.20 from $1.15 (small beat vs prior) — a modest near‑term improvement that could support upcoming quarter sentiment.
• Positive Sentiment: Zacks also nudged Q2 2026 EPS up to $1.62 from $1.59, indicating slightly stronger expectations for spring demand/volume versus prior assumptions.
• Neutral Sentiment: Zacks published a longer‑range FY2028 estimate of $7.51 EPS (informative but farther out and subject to change).
• Neutral Sentiment: Technical/market note: a recent MSN piece highlights rising relative strength in EMN but says the stock remains below a key threshold — positive technical momentum but not yet a breakout. Article Title
• Negative Sentiment: Zacks cut FY2026 EPS to $5.89 from $6.01 — a meaningful downward revision that lowers near‑term earnings power versus prior expectations.
• Negative Sentiment: Zacks trimmed FY2027 EPS to $6.73 from $7.31, reducing multi‑year growth expectations and implying slower recovery than investors may have hoped.
• Negative Sentiment: Multiple quarter-level downgrades across 2026–2027: Q4 2026 to $1.39 (from $1.51), Q1–Q4 2027 cuts (Q1 2027 to $1.64 from $1.75; Q2 2027 to $1.66 from $1.75; Q3 2027 to $1.69 from $1.89; Q4 2027 to $1.74 from $1.92). These sequential cuts suggest Zacks sees weaker volumes/margins or slower end‑market recovery.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Eastman Chemical from $64.00 to $72.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. UBS Group lowered their price objective on Eastman Chemical from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $70.00 price objective on shares of Eastman Chemical in a report on Friday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of Eastman Chemical from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, Citigroup upped their price target on shares of Eastman Chemical from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $78.86.

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.