Profund Advisors LLC Invests $749,000 in Eastman Chemical Company $EMN

Profund Advisors LLC bought a new position in Eastman Chemical Company (NYSE:EMN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,733 shares of the basic materials company’s stock, valued at approximately $749,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of Eastman Chemical by 4.9% in the third quarter. Thrivent Financial for Lutherans now owns 523,191 shares of the basic materials company’s stock worth $32,987,000 after buying an additional 24,458 shares in the last quarter. QSM Asset Management Ltd lifted its stake in shares of 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 buying an additional 25,550 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Eastman Chemical by 65.5% in the third quarter. Federated Hermes Inc. now owns 109,042 shares of the basic materials company’s stock worth $6,875,000 after buying an additional 43,159 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of 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 buying an additional 14,294 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in shares of Eastman Chemical by 1,353.7% in the third quarter. Strengthening Families & Communities LLC now owns 37,608 shares of the basic materials company’s stock worth $2,515,000 after buying an additional 35,021 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. UBS Group boosted their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Evercore set a $75.00 price objective on shares of Eastman Chemical in a report on Wednesday, February 18th. KeyCorp reissued an “overweight” rating on shares of Eastman Chemical in a report on Monday, February 2nd. Finally, Morgan Stanley boosted their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Stock Up 1.3%

EMN opened at $74.13 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $72.45 and a 200-day moving average price of $69.20. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 0.93 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 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 period in the prior year, the company earned $1.91 earnings per share. The firm’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 research analysts forecast that Eastman Chemical Company will post 6.36 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio is currently 97.39%.

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.