9,590 Shares in Eastman Chemical Company $EMN Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. purchased a new position in shares of Eastman Chemical Company (NYSE:EMN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,590 shares of the basic materials company’s stock, valued at approximately $612,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR increased its position in Eastman Chemical by 9.6% during the fourth quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after buying an additional 149 shares during the period. QRG Capital Management Inc. increased its position in Eastman Chemical by 0.7% during the fourth quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock worth $1,472,000 after buying an additional 158 shares during the period. Oppenheimer Asset Management Inc. increased its position in Eastman Chemical by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 20,145 shares of the basic materials company’s stock worth $1,286,000 after buying an additional 162 shares during the period. Brown Lisle Cummings Inc. increased its position in 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 buying an additional 175 shares during the period. Finally, Advisors Management Group Inc. ADV increased its position in Eastman Chemical by 1.5% during the third quarter. Advisors Management Group Inc. ADV now owns 12,327 shares of the basic materials company’s stock worth $777,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EMN. Morgan Stanley lifted their price target on Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Citigroup lifted their price target on Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Evercore set a $75.00 price target on Eastman Chemical in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company lifted their price target on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Eastman Chemical currently has an average rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Trading Up 0.0%

NYSE:EMN opened at $75.89 on Monday. The firm has a market cap of $8.68 billion, a P/E ratio of 22.00, a PEG ratio of 0.96 and a beta of 1.04. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $73.00 and its 200-day simple moving average is $69.80. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business 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 company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts anticipate that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.4%. Eastman Chemical’s payout ratio is presently 97.39%.

Eastman Chemical Company 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.