Jupiter Topco LLC Takes $3.42 Million Position in Eastman Chemical Company $EMN

Jupiter Topco LLC acquired a new position in shares of Eastman Chemical Company (NYSE:EMN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 51,042 shares of the basic materials company’s stock, valued at approximately $3,420,000.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in Eastman Chemical during the 2nd quarter worth about $1,490,000. EFG International AG purchased a new position in shares of Eastman Chemical in the 2nd quarter valued at about $1,428,000. White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of Eastman Chemical during the 2nd quarter worth about $212,000. Legal & General Group Plc acquired a new stake in shares of Eastman Chemical during the 2nd quarter worth about $87,583,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Eastman Chemical during the second quarter worth approximately $2,188,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Trading Down 3.3%

Shares of Eastman Chemical stock opened at $70.05 on Wednesday. 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 company has a market capitalization of $8.01 billion, a P/E ratio of 18.24, a PEG ratio of 0.89 and a beta of 1.07. Eastman Chemical Company has a 1 year low of $56.11 and a 1 year high of $83.47. The company’s fifty day moving average is $70.55 and its two-hundred day moving average is $72.38.

Eastman Chemical (NYSE:EMN) last announced its earnings results 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. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. Analysts forecast that Eastman Chemical Company will post 6.5 earnings per share for the current year.

Eastman Chemical Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.8%. Eastman Chemical’s payout ratio is presently 87.50%.

Analyst Ratings Changes

EMN has been the topic of several recent analyst reports. UBS Group increased their price target on shares of Eastman Chemical from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup dropped their target price on shares of Eastman Chemical from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $74.00 price target on shares of Eastman Chemical in a research note on Monday, August 3rd. 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 research note on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Eastman Chemical in a research report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.17.

Eastman Chemical Company 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.