Eastman Chemical Company $EMN Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its position in Eastman Chemical Company (NYSE:EMN) by 8.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,855,729 shares of the basic materials company’s stock after selling 349,075 shares during the quarter. Capital Research Global Investors’ holdings in Eastman Chemical were worth $246,111,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. QSM Asset Management Ltd lifted its position in Eastman Chemical by 27.0% in the fourth quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock worth $7,676,000 after purchasing an additional 25,550 shares during the period. HighTower Advisors LLC lifted its position in Eastman Chemical by 42.7% in the third quarter. HighTower Advisors LLC now owns 47,788 shares of the basic materials company’s stock worth $3,013,000 after purchasing an additional 14,294 shares during the period. Invenomic Capital Management LP lifted its position in Eastman Chemical by 119.9% in the third quarter. Invenomic Capital Management LP now owns 131,690 shares of the basic materials company’s stock worth $8,303,000 after purchasing an additional 71,794 shares during the period. Numerai GP LLC lifted its position in Eastman Chemical by 601.2% in the third quarter. Numerai GP LLC now owns 37,551 shares of the basic materials company’s stock worth $2,368,000 after purchasing an additional 32,196 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Eastman Chemical by 51.9% in the third quarter. Handelsbanken Fonder AB now owns 39,500 shares of the basic materials company’s stock worth $2,490,000 after purchasing an additional 13,500 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Price Performance

Shares of NYSE:EMN opened at $71.96 on Monday. The company’s fifty day moving average is $73.56 and its two-hundred day moving average is $70.28. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. The company has a market cap of $8.23 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $1.91 EPS. The company’s revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts expect that Eastman Chemical Company will post 6.36 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s payout ratio is 97.39%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho set a $85.00 price target on Eastman Chemical in a report on Friday, May 1st. Wells Fargo & Company upped their price target on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. upped their price target on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a report on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Eastman Chemical currently has an average rating of “Moderate Buy” and an average price target of $80.25.

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.