Letko Brosseau & Associates Inc. Has $76.24 Million Holdings in Eastman Chemical Company $EMN

Letko Brosseau & Associates Inc. lifted its holdings in Eastman Chemical Company (NYSE:EMN) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,194,421 shares of the basic materials company’s stock after acquiring an additional 61,950 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Eastman Chemical were worth $76,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EMN. HighTower Advisors LLC boosted its holdings in shares of Eastman Chemical by 3,448.7% in the 4th quarter. HighTower Advisors LLC now owns 1,695,842 shares of the basic materials company’s stock worth $108,246,000 after acquiring an additional 1,648,054 shares in the last quarter. Norges Bank acquired a new position in shares of Eastman Chemical in the 4th quarter worth approximately $95,621,000. State Street Corp boosted its holdings in shares of Eastman Chemical by 24.3% in the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock worth $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Eastman Chemical by 97.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock worth $119,672,000 after acquiring an additional 916,023 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Eastman Chemical in the 4th quarter worth approximately $39,827,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Price Performance

EMN opened at $72.86 on Wednesday. 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 fifty day simple moving average of $73.57 and a 200 day simple moving average of $70.49. The stock has a market cap of $8.33 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.91 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last released 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. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company earned $1.91 EPS. The firm’s quarterly 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. On average, research analysts expect 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 $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.6%. Eastman Chemical’s dividend payout ratio is currently 97.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EMN shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a report on Tuesday, May 5th. Citigroup boosted their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. UBS Group boosted their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Royal Bank Of Canada boosted their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Finally, Mizuho set a $85.00 price objective on shares of Eastman Chemical in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned 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 a consensus 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.