HighTower Advisors LLC Increases Stake in Eastman Chemical Company $EMN

HighTower Advisors LLC grew its position in Eastman Chemical Company (NYSE:EMN) by 3,448.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,695,842 shares of the basic materials company’s stock after buying an additional 1,648,054 shares during the period. HighTower Advisors LLC owned approximately 1.49% of Eastman Chemical worth $108,246,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EMN. Brighton Jones LLC purchased a new position in Eastman Chemical in the fourth quarter worth about $202,000. Integrated Wealth Concepts LLC raised its holdings in Eastman Chemical by 185.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after buying an additional 4,345 shares during the last quarter. Millennium Management LLC raised its holdings in Eastman Chemical by 69.2% in the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after buying an additional 79,376 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Eastman Chemical by 2.6% in the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after buying an additional 183 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in Eastman Chemical in the first quarter worth about $252,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EMN shares. JPMorgan Chase & Co. boosted their price target on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley boosted their price target on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Weiss Ratings upgraded Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company boosted their price target on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Stock Down 3.9%

Eastman Chemical stock opened at $68.15 on Wednesday. The stock has a market cap of $7.79 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 1.47. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47. The stock has a fifty day moving average of $72.22 and a 200 day moving average of $68.99.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.Eastman Chemical’s revenue for the quarter 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. As a group, sell-side analysts predict that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio is 97.39%.

About Eastman Chemical

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.