Eastman Chemical Company $EMN Shares Sold by SVB Wealth LLC

SVB Wealth LLC decreased its position in shares of Eastman Chemical Company (NYSE:EMN) by 79.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,186 shares of the basic materials company’s stock after selling 39,385 shares during the period. SVB Wealth LLC’s holdings in Eastman Chemical were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EMN. Lido Advisors LLC grew its stake in shares of Eastman Chemical by 0.6% during the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock valued at $1,297,000 after acquiring an additional 125 shares in the last quarter. Generali Asset Management SPA SGR lifted its stake in shares of Eastman Chemical by 9.6% in the fourth quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 149 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Eastman Chemical by 6.2% in the fourth quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 150 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Eastman Chemical by 3.2% in the fourth quarter. Jacobi Capital Management LLC now owns 4,982 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 153 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in Eastman Chemical by 0.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock valued at $1,472,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Zacks Research raised shares of Eastman Chemical from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $82.00 price target on shares of Eastman Chemical in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Seven investment 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 an average rating of “Moderate Buy” and a consensus target price of $80.25.

Eastman Chemical Trading Down 3.5%

Shares of NYSE EMN opened at $69.43 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $73.22 and its two-hundred day moving average price is $71.35. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. The stock has a market capitalization of $7.94 billion, a P/E ratio of 20.12, a PEG ratio of 0.91 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping 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 analyst estimates of $2.17 billion. During the same quarter last year, the firm earned $1.91 EPS. The business’s revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, analysts anticipate that Eastman Chemical Company will post 6.36 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s payout ratio is currently 97.39%.

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.