PEAK6 LLC Invests $629,000 in Eastman Chemical Company $EMN

PEAK6 LLC acquired a new stake in shares of Eastman Chemical Company (NYSE:EMN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,393 shares of the basic materials company’s stock, valued at approximately $629,000.

Several other large investors have also recently added to or reduced their stakes in EMN. MUFG Securities EMEA plc acquired a new position in shares of Eastman Chemical during the second quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Eastman Chemical in the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Eastman Chemical during the 4th quarter valued at about $27,000. Los Angeles Capital Management LLC acquired a new position in Eastman Chemical during the 4th quarter valued at about $27,000. Finally, McMillan Office Inc. bought a new position in Eastman Chemical in the 4th quarter worth about $29,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Eastman Chemical Trading Up 0.1%

Shares of NYSE:EMN opened at $74.20 on Monday. The company has a 50 day moving average of $70.56 and a 200-day moving average of $72.68. The company has a current ratio of 1.50, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The firm has a market cap of $8.49 billion, a P/E ratio of 19.32, a P/E/G ratio of 0.91 and a beta of 1.06. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $83.47.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.40 billion. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. As a group, analysts anticipate that Eastman Chemical Company will post 6.5 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 annualized dividend and a yield of 4.5%. Eastman Chemical’s dividend payout ratio (DPR) is currently 87.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMN. Wells Fargo & Company lifted their price target on Eastman Chemical from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Mizuho set a $85.00 price objective on Eastman Chemical in a report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research report on Thursday, August 13th. Citigroup cut their target price on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, UBS Group boosted their price target on Eastman Chemical from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Seven investment 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, Eastman Chemical currently has an average rating of “Moderate Buy” and a consensus target price of $79.17.

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.