Deprince Race & Zollo Inc. Has $37.86 Million Holdings in Eastman Chemical Company $EMN

Deprince Race & Zollo Inc. decreased its stake in Eastman Chemical Company (NYSE:EMN) by 11.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 496,124 shares of the basic materials company’s stock after selling 63,004 shares during the period. Deprince Race & Zollo Inc.’s holdings in Eastman Chemical were worth $37,864,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new stake in shares of Eastman Chemical in the 2nd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Eastman Chemical in the fourth quarter valued at about $25,000. Brown Lisle Cummings Inc. boosted its position 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 valued at $27,000 after buying an additional 175 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Eastman Chemical during the fourth quarter worth about $27,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Eastman Chemical during the fourth quarter worth approximately $27,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Eastman Chemical Stock Up 0.4%

Shares of Eastman Chemical stock opened at $67.23 on Thursday. The business has a fifty day simple moving average of $72.65 and a 200 day simple moving average of $71.63. The stock has a market cap of $7.69 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.85 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 1.47 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.

Eastman Chemical (NYSE:EMN) last posted its earnings results 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. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates 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 last year, the business posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Research analysts predict that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, June 15th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is currently 97.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 target price on shares of Eastman Chemical in a report on Tuesday, May 5th. Mizuho set a $85.00 price objective on Eastman Chemical in a research report on Friday, May 1st. Citigroup reduced their price objective on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Finally, UBS Group lifted their price target on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

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.