Lombard Odier Asset Management USA Corp Takes Position in Eastman Chemical Company $EMN

Lombard Odier Asset Management USA Corp purchased a new position in Eastman Chemical Company (NYSE:EMN) during the 1st quarter, HoldingsChannel reports. The fund purchased 9,811 shares of the basic materials company’s stock, valued at approximately $749,000.

A number of other hedge funds also recently made changes to their positions in EMN. MUFG Securities EMEA plc purchased a new position in shares of Eastman Chemical in the second quarter worth $25,000. Altshuler Shaham Ltd bought a new position in shares of Eastman Chemical during the fourth quarter valued at $25,000. Brown Lisle Cummings Inc. boosted its holdings in Eastman Chemical by 70.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Eastman Chemical during the 4th quarter valued at $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Eastman Chemical during the 4th quarter valued at $27,000. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Price Performance

Shares of NYSE EMN opened at $68.16 on Friday. The business’s fifty day moving average price is $71.00 and its two-hundred day moving average price is $72.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. The firm has a market capitalization of $7.79 billion, a PE ratio of 19.76, a P/E/G ratio of 0.88 and a beta of 1.07. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47.

Eastman Chemical (NYSE:EMN) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS 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 company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $1.91 earnings per share. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, research analysts expect that Eastman Chemical Company will post 6.3 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s dividend payout ratio is 97.39%.

Wall Street Analyst Weigh In

EMN has been the subject of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a report on Thursday, July 16th. Royal Bank Of Canada increased their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Wells Fargo & Company raised their target price on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Mizuho set a $85.00 target price on shares of Eastman Chemical in a report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Eastman Chemical Company 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.