Eastman Chemical Company $EMN Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Eastman Chemical Company (NYSE:EMN) by 376.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 86,495 shares of the basic materials company’s stock after purchasing an additional 68,350 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Eastman Chemical were worth $5,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp grew its position 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 worth $363,314,000 after buying an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Eastman Chemical by 14.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company’s stock valued at $255,515,000 after purchasing an additional 509,290 shares in the last quarter. Bank of America Corp DE boosted its holdings in Eastman Chemical by 6.1% in the second quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock valued at $184,909,000 after purchasing an additional 143,323 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Eastman Chemical by 97.0% in the fourth 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 purchasing an additional 916,023 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Eastman Chemical by 5.3% in the third quarter. LSV Asset Management now owns 1,265,629 shares of the basic materials company’s stock valued at $79,798,000 after purchasing an additional 64,147 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMN has been the subject of a number of research analyst reports. Citigroup upped their price target on Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Evercore set a $75.00 price target on Eastman Chemical in a report on Wednesday, February 18th. Morgan Stanley upped their price target on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, UBS Group upped their price target on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Eastman Chemical presently has a consensus rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Price Performance

EMN stock opened at $74.13 on Friday. The company has a market capitalization of $8.48 billion, a P/E ratio of 21.49, a PEG ratio of 0.94 and a beta of 1.04. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The business has a 50 day simple moving average of $72.45 and a 200-day simple moving average of $69.20. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

Eastman Chemical (NYSE:EMN) last posted 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. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a return on equity of 8.88% 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 period in the prior year, the company earned $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Monday, June 15th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. 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.