Motley Fool Asset Management LLC Has $2.04 Million Stock Holdings in Eastman Chemical Company $EMN

Motley Fool Asset Management LLC trimmed its stake in shares of Eastman Chemical Company (NYSE:EMN) by 32.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,927 shares of the basic materials company’s stock after selling 15,023 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Eastman Chemical were worth $2,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Letko Brosseau & Associates Inc. increased its position in Eastman Chemical by 5.5% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 1,194,421 shares of the basic materials company’s stock valued at $76,240,000 after acquiring an additional 61,950 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Eastman Chemical in the 4th quarter valued at $582,000. Cerity Partners LLC boosted its stake in shares of Eastman Chemical by 8.0% in the 4th quarter. Cerity Partners LLC now owns 257,042 shares of the basic materials company’s stock valued at $16,407,000 after purchasing an additional 18,934 shares during the last quarter. Franklin Resources Inc. boosted its stake in Eastman Chemical by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 3,722,964 shares of the basic materials company’s stock worth $237,637,000 after acquiring an additional 20,634 shares in the last quarter. Finally, Syon Capital LLC bought a new position in Eastman Chemical during the fourth quarter worth $251,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Performance

Shares of EMN stock opened at $71.41 on Thursday. The firm has a 50-day moving average of $73.55 and a 200-day moving average of $70.59. The company has a market cap of $8.17 billion, a P/E ratio of 20.70, a P/E/G ratio of 0.93 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. Eastman Chemical Company has a one year low of $56.11 and a one year high of $83.47.

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 the consensus estimate of $1.07 by $0.02. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. 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 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The company 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 is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. Eastman Chemical’s dividend payout ratio is currently 97.39%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research raised shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. UBS Group upped their price objective on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Morgan Stanley upped their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Citigroup upped their price objective on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Eastman Chemical currently has a consensus rating of “Moderate Buy” and an average 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.