Oak Thistle LLC Takes $990,000 Position in Eastman Chemical Company $EMN

Oak Thistle LLC purchased a new stake in shares of Eastman Chemical Company (NYSE:EMN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,779 shares of the basic materials company’s stock, valued at approximately $990,000.

Several other institutional investors have also recently modified their holdings of the company. Lido Advisors LLC raised its position in Eastman Chemical by 0.6% during the 4th quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock worth $1,297,000 after buying an additional 125 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 145 shares in the last quarter. Generali Asset Management SPA SGR grew its holdings in 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 valued at $109,000 after purchasing an additional 149 shares during the period. UMB Bank n.a. increased its holdings in Eastman Chemical by 6.2% in the 4th 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. Finally, Jacobi Capital Management LLC grew its position in shares of 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 period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Price Performance

Eastman Chemical stock opened at $72.56 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Eastman Chemical Company has a 52-week low of $56.11 and a 52-week high of $83.47. The firm has a market cap of $8.30 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. The company’s 50 day moving average is $70.39 and its two-hundred day moving average is $72.45.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, research analysts expect that Eastman Chemical Company will post 6.43 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Eastman Chemical’s payout ratio is presently 87.50%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $75.00 price target on shares of Eastman Chemical in a research report on Thursday, July 16th. Morgan Stanley dropped their price objective on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Wells Fargo & Company boosted their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Finally, Citigroup reduced their price target on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.17.

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.