Norges Bank Buys New Holdings in Eastman Chemical Company $EMN

Norges Bank bought a new stake in Eastman Chemical Company (NYSE:EMN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,498,065 shares of the basic materials company’s stock, valued at approximately $95,621,000. Norges Bank owned approximately 1.31% of Eastman Chemical at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Eastman Chemical in the 4th quarter valued at $202,000. Integrated Wealth Concepts LLC boosted its stake in Eastman Chemical by 185.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock valued at $589,000 after buying an additional 4,345 shares in the last quarter. Millennium Management LLC boosted its stake in Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock valued at $17,098,000 after buying an additional 79,376 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after buying an additional 183 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Eastman Chemical in the 1st quarter valued at $252,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EMN. UBS Group boosted their price target on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. boosted their price target on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their price target on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Mizuho set a $85.00 price target on Eastman Chemical in a research note on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price target on Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. 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, the company has an average rating of “Moderate Buy” and an average target price of $80.25.

Eastman Chemical Trading Down 0.6%

EMN stock opened at $71.96 on Friday. The business has a fifty day moving average price of $73.56 and a 200 day moving average price of $70.19. Eastman Chemical Company has a fifty-two week low of $56.11 and a fifty-two week high of $83.47. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 0.92 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 (NYSE:EMN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $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. Analysts expect 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 paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is 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.