Sanctuary Advisors LLC Takes Position in Eastman Chemical Company $EMN

Sanctuary Advisors LLC purchased a new stake in Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,815 shares of the basic materials company’s stock, valued at approximately $925,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Eastman Chemical during the 4th quarter worth $202,000. Integrated Wealth Concepts LLC increased its position in Eastman Chemical by 185.6% during the first 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 last quarter. Millennium Management LLC lifted its position in shares of Eastman Chemical by 69.2% in the first 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 last quarter. NewEdge Advisors LLC lifted its position in shares of Eastman Chemical by 2.6% in the first 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 during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Eastman Chemical during the 1st quarter worth about $252,000. Institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 0.3%

Eastman Chemical stock opened at $72.73 on Friday. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.50. The firm has a market capitalization of $8.32 billion, a PE ratio of 18.94, a PEG ratio of 0.89 and a beta of 1.06. The business’s 50-day simple moving average is $70.51 and its 200-day simple moving average is $72.55.

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

Eastman Chemical Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 annualized dividend and a dividend yield of 4.6%. Eastman Chemical’s dividend payout ratio (DPR) is presently 87.50%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EMN shares. Wells Fargo & Company increased their price objective 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 target price on Eastman Chemical in a research report on Friday, May 1st. Citigroup lowered their price target on Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $74.00 price objective on shares of Eastman Chemical in a research note on Monday, August 3rd. Finally, Morgan Stanley decreased their price objective 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.