Jefferies Financial Group Inc. Acquires Shares of 59,290 Eastman Chemical Company $EMN

Jefferies Financial Group Inc. purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 59,290 shares of the basic materials company’s stock, valued at approximately $3,784,000. Jefferies Financial Group Inc. owned 0.05% of Eastman Chemical as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MUFG Securities EMEA plc purchased a new position in shares of Eastman Chemical during the 2nd quarter worth $25,000. Brown Lisle Cummings Inc. raised its holdings in shares of Eastman Chemical by 70.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 175 shares during the period. Lodestone Wealth Management LLC purchased a new position in shares of Eastman Chemical during the 4th quarter worth $33,000. Rothschild Investment LLC raised its holdings in shares of Eastman Chemical by 65.6% during the 3rd quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 229 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Eastman Chemical by 97.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Performance

NYSE EMN opened at $74.53 on Wednesday. The company has a market cap of $8.52 billion, a P/E ratio of 21.60, a P/E/G ratio of 0.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The stock has a 50-day moving average of $72.63 and a two-hundred day moving average of $69.47. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47.

Eastman Chemical (NYSE:EMN) last released its earnings results 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. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $1.91 EPS. Eastman Chemical’s revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, analysts anticipate that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EMN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Evercore set a $75.00 price objective on shares of Eastman Chemical in a report on Wednesday, February 18th. Mizuho set a $85.00 price objective on shares of Eastman Chemical in a report on Friday, May 1st. Citigroup boosted their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Morgan Stanley lifted their target price on Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.25.

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.