WINTON GROUP Ltd Buys Shares of 21,700 Eastman Chemical Company $EMN

WINTON GROUP Ltd purchased a new stake in shares of Eastman Chemical Company (NYSE:EMN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 21,700 shares of the basic materials company’s stock, valued at approximately $1,453,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in Eastman Chemical by 29.3% in the first quarter. Royal Bank of Canada now owns 188,049 shares of the basic materials company’s stock valued at $14,352,000 after purchasing an additional 42,601 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Eastman Chemical by 18.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 617,870 shares of the basic materials company’s stock valued at $39,439,000 after buying an additional 94,679 shares during the last quarter. Empowered Funds LLC increased its holdings in Eastman Chemical by 270.9% in the first quarter. Empowered Funds LLC now owns 65,611 shares of the basic materials company’s stock worth $5,007,000 after buying an additional 47,923 shares during the last quarter. Freestone Grove Partners LP bought a new position in Eastman Chemical during the second quarter valued at approximately $954,000. Finally, NewEdge Advisors LLC lifted its stake in Eastman Chemical by 123.6% in the first quarter. NewEdge Advisors LLC now owns 62,829 shares of the basic materials company’s stock valued at $4,795,000 after acquiring an additional 34,734 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Eastman Chemical Trading Down 0.5%

Shares of Eastman Chemical stock opened at $68.05 on Friday. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47. The company’s fifty day simple moving average is $70.75 and its 200-day simple moving average is $71.90. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 0.84 and a beta of 1.07. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72.

Eastman Chemical (NYSE:EMN) last released its earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, beating 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 firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the company earned $1.60 EPS. The business’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. As a group, sell-side analysts expect that Eastman Chemical Company will post 6.48 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical’s dividend payout ratio is currently 87.50%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EMN shares. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. UBS Group increased their target price on shares of Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $74.00 target price on shares of Eastman Chemical in a report on Monday, August 3rd. Morgan Stanley decreased their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered Eastman Chemical from a “buy” rating to a “hold” rating in a report on Saturday. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Eastman Chemical currently has an average rating of “Hold” and a consensus price target of $79.17.

Key Eastman Chemical News

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: KeyCorp projects Eastman’s earnings will increase from $6.30 per share in fiscal 2026 to $6.70 in 2027 and $7.90 in 2028, indicating a recovery in profitability over the longer term.
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating and estimated third-quarter 2026 EPS of $1.94 and fourth-quarter EPS of $1.30. These forecasts provide limited evidence of a near-term catalyst. KeyCorp earnings estimates
• Neutral Sentiment: Analysts collectively give Eastman Chemical an average “Hold” recommendation, suggesting expectations are balanced rather than strongly bullish or bearish. Eastman Chemical receives average Hold recommendation
• Negative Sentiment: Wall Street Zen downgraded EMN to “Hold,” reinforcing cautious sentiment and potentially weighing on the stock as investors reassess its near-term upside. Eastman Chemical downgraded to Hold
• Negative Sentiment: KeyCorp’s fiscal 2026 EPS estimate of $6.30 is below the broader consensus of approximately $6.48–$6.50, signaling expectations for weaker near-term earnings than the market currently anticipates.

Eastman Chemical Company Profile

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.