Kentucky Retirement Systems Makes New $1.03 Million Investment in Eastman Chemical Company $EMN

Kentucky Retirement Systems bought a new position in shares of Eastman Chemical Company (NYSE:EMN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,708 shares of the basic materials company’s stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Eastman Chemical during the 4th quarter worth $202,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Eastman Chemical by 185.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after buying an additional 4,345 shares during the period. Millennium Management LLC lifted its holdings in shares of Eastman Chemical by 69.2% in the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after buying an additional 79,376 shares during the period. NewEdge Advisors LLC grew its position in shares of Eastman Chemical by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after buying an additional 183 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Eastman Chemical during the 1st quarter worth $252,000. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

EMN has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group increased 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. Wells Fargo & Company increased their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Finally, Morgan Stanley reduced their price target on shares of Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Eastman Chemical currently has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Eastman Chemical Stock Down 0.0%

Shares of NYSE EMN opened at $70.04 on Friday. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $83.47. The stock’s fifty day simple moving average is $70.72 and its two-hundred day simple moving average is $72.15. The stock has a market capitalization of $8.01 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.07. 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 (NYSE:EMN) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a return on equity of 9.53% and a net margin of 4.99%.The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, analysts expect that Eastman Chemical Company will post 6.3 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, June 15th. Eastman Chemical’s payout ratio is 97.39%.

Key Headlines Impacting Eastman Chemical

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Eastman reported adjusted earnings of $1.97 per share, above the $1.82 consensus estimate, while revenue reached $2.51 billion versus expectations of $2.40 billion. Earnings increased from $1.60 per share in the year-ago quarter. Eastman Chemical Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher sales volumes and mix contributed roughly 5% growth, while pricing added about 4%. Reported EBIT rose to $311 million from $222 million, demonstrating meaningful operating leverage. EMN Q2 Earnings Beat on Volume Growth and Higher Pricing
• Positive Sentiment: Management set third-quarter 2026 EPS guidance at approximately $1.97, above the $1.92 consensus estimate, and expects full-year operating cash flow to approach $900 million. Eastman Chemical Earnings Report
• Neutral Sentiment: Performance was uneven by segment: Chemical Intermediates sales surged 39%, while Advanced Materials and Additives & Functional Products each rose 5%; Fibers sales declined 11%. Eastman Chemical Q2 Earnings Snapshot
• Negative Sentiment: Operating cash flow was $224 million, slightly below the prior-year figure of $233 million, and the company remains exposed to geopolitical, raw-material and demand volatility. Commentary suggesting benefits from the Iran conflict may reflect temporary pricing or supply effects rather than durable growth. Eastman Chemical Benefits From Iran Conflict

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.