Louisiana State Employees Retirement System Makes New Investment in Eastman Chemical Company $EMN

Louisiana State Employees Retirement System acquired a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 50,600 shares of the basic materials company’s stock, valued at approximately $3,862,000.

A number of other institutional investors have also recently made changes to their positions in EMN. MUFG Securities EMEA plc acquired a new position in Eastman Chemical during the 2nd quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Eastman Chemical during the fourth quarter worth about $25,000. Brown Lisle Cummings Inc. increased its holdings in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Eastman Chemical during the fourth quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Eastman Chemical in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on EMN shares. Mizuho set a $85.00 target price on shares of Eastman Chemical in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Citigroup dropped their price objective on shares of Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a research report on Tuesday, May 5th. Finally, 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 research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Eastman Chemical has a consensus rating of “Moderate Buy” and an average price target of $80.00.

Eastman Chemical Stock Performance

EMN opened at $70.83 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. The firm has a 50 day moving average of $73.04 and a two-hundred day moving average of $71.48. The firm has a market capitalization of $8.10 billion, a PE ratio of 20.53, a P/E/G ratio of 0.90 and a beta of 1.04.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The business’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, analysts anticipate that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

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.