Principal Financial Group Inc. Boosts Stock Holdings in Eastman Chemical Company $EMN

Principal Financial Group Inc. grew its position in Eastman Chemical Company (NYSE:EMN) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552,820 shares of the basic materials company’s stock after purchasing an additional 10,830 shares during the period. Principal Financial Group Inc. owned about 0.48% of Eastman Chemical worth $42,191,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EMN. MUFG Securities EMEA plc purchased a new position in Eastman Chemical during the second quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Eastman Chemical in the 4th quarter valued at about $25,000. Brown Lisle Cummings Inc. lifted its position in shares of Eastman Chemical by 70.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Eastman Chemical during the 4th quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Eastman Chemical in the 4th quarter worth approximately $27,000. 83.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EMN shares. UBS Group upped their target price on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $82.00 price objective on shares of Eastman Chemical in a research note on Tuesday, May 5th. Morgan Stanley decreased their target price on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Finally, Mizuho set a $85.00 price target on shares of Eastman Chemical in a report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.50.

Eastman Chemical Trading Down 0.7%

NYSE:EMN opened at $68.67 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $7.85 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07. The firm’s 50 day moving average is $71.49 and its 200 day moving average is $71.95. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $83.47.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned $1.91 earnings per share. Eastman Chemical’s 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. Sell-side analysts expect that Eastman Chemical Company will post 6.3 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were paid a dividend of $0.84 per share. The ex-dividend date was Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.9%. Eastman Chemical’s dividend payout ratio is presently 97.39%.

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.