New York State Teachers Retirement System Has $8.17 Million Stake in Eastman Chemical Company $EMN

New York State Teachers Retirement System lifted its position in shares of Eastman Chemical Company (NYSE:EMN) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,026 shares of the basic materials company’s stock after acquiring an additional 9,013 shares during the quarter. New York State Teachers Retirement System’s holdings in Eastman Chemical were worth $8,172,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Eastman Chemical by 24.3% during the 3rd quarter. State Street Corp now owns 5,687,097 shares of the basic materials company’s stock valued at $363,314,000 after acquiring an additional 1,112,391 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Eastman Chemical by 14.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company’s stock valued at $255,515,000 after acquiring an additional 509,290 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Eastman Chemical by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 2,476,677 shares of the basic materials company’s stock valued at $184,909,000 after acquiring an additional 143,323 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Eastman Chemical by 97.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,859,998 shares of the basic materials company’s stock valued at $119,672,000 after acquiring an additional 916,023 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Eastman Chemical by 5.3% during the 3rd quarter. LSV Asset Management now owns 1,265,629 shares of the basic materials company’s stock valued at $79,798,000 after acquiring an additional 64,147 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Eastman Chemical Stock Up 0.8%

Shares of EMN opened at $77.30 on Wednesday. The stock’s 50-day moving average price is $72.54 and its two-hundred day moving average price is $68.23. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $84.18. The company has a current ratio of 1.47, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.84 billion, a PE ratio of 22.40, a PEG ratio of 1.03 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share 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 firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted $1.91 EPS. The business’s quarterly 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 5.87 EPS for the current year.

Eastman Chemical Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.36 annualized dividend and a dividend yield of 4.3%. Eastman Chemical’s dividend payout ratio (DPR) is 97.39%.

Analyst Upgrades and Downgrades

EMN has been the topic of several recent research reports. UBS Group raised their price objective on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Mizuho set a $85.00 target price on Eastman Chemical in a report on Friday. Evercore set a $75.00 target price on Eastman Chemical in a report on Wednesday, February 18th. Weiss Ratings raised Eastman Chemical from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, February 18th. Finally, Bank of America lifted their target price on Eastman Chemical from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

About Eastman Chemical

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.