Gamco Investors INC. ET AL Sells 7,683 Shares of Eastman Chemical Company $EMN

Gamco Investors INC. ET AL decreased its stake in shares of Eastman Chemical Company (NYSE:EMN) by 61.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,770 shares of the basic materials company’s stock after selling 7,683 shares during the period. Gamco Investors INC. ET AL’s holdings in Eastman Chemical were worth $304,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Generali Asset Management SPA SGR boosted its holdings in shares of Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after buying an additional 149 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Eastman Chemical by 0.7% during the 4th quarter. QRG Capital Management Inc. now owns 23,069 shares of the basic materials company’s stock worth $1,472,000 after buying an additional 158 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Eastman Chemical by 0.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 20,145 shares of the basic materials company’s stock worth $1,286,000 after buying an additional 162 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Eastman Chemical by 70.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock worth $27,000 after buying an additional 175 shares during the period. Finally, Advisors Management Group Inc. ADV boosted its holdings in shares of Eastman Chemical by 1.5% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 12,327 shares of the basic materials company’s stock worth $777,000 after buying an additional 181 shares during the period. Institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EMN shares. UBS Group lifted their target price on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Eastman Chemical from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley lifted their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore set a $75.00 price objective on shares of Eastman Chemical in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.25.

Eastman Chemical Price Performance

Shares of Eastman Chemical stock opened at $74.13 on Friday. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $72.45 and a two-hundred day simple moving average of $69.20. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts forecast that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Dividend Announcement

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 given a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.5%. Eastman Chemical’s payout ratio is presently 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.