Legal & General Group Plc Acquires 43,429 Shares of Eastman Chemical Company $EMN

Legal & General Group Plc raised its holdings in Eastman Chemical Company (NYSE:EMN) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,169,318 shares of the basic materials company’s stock after purchasing an additional 43,429 shares during the period. Legal & General Group Plc’s holdings in Eastman Chemical were worth $74,638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in Eastman Chemical in the second quarter valued at approximately $25,000. Brown Lisle Cummings Inc. boosted its stake in Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Eastman Chemical in the fourth quarter valued at approximately $33,000. Rothschild Investment LLC boosted its stake in Eastman Chemical by 65.6% in the third quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Eastman Chemical by 97.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 301 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Trading Down 0.6%

Shares of NYSE EMN opened at $75.89 on Friday. The company’s fifty day moving average is $73.00 and its 200-day moving average is $69.74. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 0.97 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 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 (NYSE:EMN) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $1.91 earnings per share. The business’s quarterly 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. Equities research analysts predict that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors 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 dividend yield of 4.4%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is presently 97.39%.

Analyst Ratings Changes

EMN has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Citigroup raised their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Mizuho set a $85.00 price target on shares of Eastman Chemical in a research report on Friday, May 1st. Finally, UBS Group lifted their price target 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. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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.