The Manufacturers Life Insurance Company Takes Position in Eastman Chemical Company $EMN

The Manufacturers Life Insurance Company bought a new stake in shares of Eastman Chemical Company (NYSE:EMN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,665 shares of the basic materials company’s stock, valued at approximately $2,188,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMN. Lido Advisors LLC lifted its holdings in Eastman Chemical by 0.6% during the fourth quarter. Lido Advisors LLC now owns 20,313 shares of the basic materials company’s stock valued at $1,297,000 after purchasing an additional 125 shares in the last quarter. Altshuler Shaham Ltd raised its position in shares of Eastman Chemical by 36.9% during the 1st quarter. Altshuler Shaham Ltd now owns 538 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 145 shares during the last quarter. Generali Asset Management SPA SGR raised its position in shares of Eastman Chemical by 9.6% during the 4th quarter. Generali Asset Management SPA SGR now owns 1,700 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 149 shares during the last quarter. UMB Bank n.a. boosted its holdings in Eastman Chemical by 6.2% in the 4th quarter. UMB Bank n.a. now owns 2,571 shares of the basic materials company’s stock worth $164,000 after buying an additional 150 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Eastman Chemical by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 20,743 shares of the basic materials company’s stock worth $1,389,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Stock Up 3.0%

NYSE EMN opened at $72.23 on Thursday. The business’s fifty day simple moving average is $70.58 and its 200-day simple moving average is $72.32. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The firm has a market cap of $8.26 billion, a PE ratio of 18.81, a P/E/G ratio of 0.86 and a beta of 1.07. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $83.47.

Eastman Chemical (NYSE:EMN) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. Eastman Chemical had a net margin of 4.99% and a return on equity of 9.46%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the business earned $1.60 earnings per share. Eastman Chemical’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. As a group, equities analysts anticipate that Eastman Chemical Company will post 6.5 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders 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 4.7%. Eastman Chemical’s dividend payout ratio (DPR) is 87.50%.

Analyst Upgrades and Downgrades

EMN has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $74.00 price objective on shares of Eastman Chemical in a report on Monday, August 3rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $75.00 target price on shares of Eastman Chemical in a research report on Thursday, July 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research note on Thursday, August 13th. Finally, Wall Street Zen raised shares of Eastman Chemical from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Eastman Chemical 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.