Eastman Chemical Company $EMN Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in Eastman Chemical Company (NYSE:EMN) by 90.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,841 shares of the basic materials company’s stock after selling 35,121 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Eastman Chemical were worth $293,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently weighed in on EMN. Royal Bank Of Canada lifted their target price on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $82.00 price objective on shares of Eastman Chemical in a research report on Tuesday, May 5th. Citigroup decreased their target price on Eastman Chemical from $88.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, UBS Group increased their target price on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.67.

Eastman Chemical Price Performance

Shares of EMN stock opened at $67.97 on Thursday. The company has a market capitalization of $7.77 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07. The firm has a fifty day simple moving average of $71.67 and a 200-day simple moving average of $71.93. 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 twelve month low of $56.11 and a twelve month high of $83.47.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm posted $1.91 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities research analysts anticipate that Eastman Chemical Company will post 6.3 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, June 15th. 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.