Truist Financial Corp Has $2.36 Million Stock Holdings in Eastman Chemical Company $EMN

Truist Financial Corp cut its position in Eastman Chemical Company (NYSE:EMN) by 81.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,989 shares of the basic materials company’s stock after selling 159,975 shares during the period. Truist Financial Corp’s holdings in Eastman Chemical were worth $2,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EMN. MUFG Securities EMEA plc acquired a new stake in shares of Eastman Chemical during the second quarter worth about $25,000. Brown Lisle Cummings Inc. raised its holdings in shares of Eastman Chemical by 70.0% during the fourth 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 acquired a new stake in shares of Eastman Chemical during the fourth quarter worth $33,000. Rothschild Investment LLC raised its holdings in shares of Eastman Chemical by 65.6% during the third 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 fourth 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. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EMN has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Mizuho set a $85.00 target price on Eastman Chemical in a research report on Friday, May 1st. UBS Group lifted their target price on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Bank of America lifted their target price on Eastman Chemical from $74.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Eastman Chemical presently has an average rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Stock Down 0.6%

NYSE:EMN opened at $73.81 on Thursday. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 0.95 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 stock’s 50 day moving average price is $72.36 and its two-hundred day moving average price is $68.77. 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 posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities research analysts expect that Eastman Chemical Company will post 6.33 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.84 per share. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.6%. Eastman Chemical’s payout ratio is currently 97.39%.

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.