Bessemer Group Inc. Acquires 26,884 Shares of Eastman Chemical Company $EMN

Bessemer Group Inc. boosted its holdings in shares of Eastman Chemical Company (NYSE:EMN) by 27.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,496 shares of the basic materials company’s stock after acquiring an additional 26,884 shares during the quarter. Bessemer Group Inc. owned 0.11% of Eastman Chemical worth $9,654,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EMN. QSM Asset Management Ltd raised its position in Eastman Chemical by 27.0% during the 4th quarter. QSM Asset Management Ltd now owns 120,258 shares of the basic materials company’s stock worth $7,676,000 after purchasing an additional 25,550 shares during the last quarter. Horizon Investments LLC lifted its holdings in Eastman Chemical by 3,022.6% during the 4th quarter. Horizon Investments LLC now owns 100,078 shares of the basic materials company’s stock worth $6,388,000 after buying an additional 96,873 shares during the period. State of Alaska Department of Revenue grew its position in shares of Eastman Chemical by 84.2% in the 4th quarter. State of Alaska Department of Revenue now owns 100,129 shares of the basic materials company’s stock valued at $6,390,000 after buying an additional 45,774 shares during the last quarter. DDD Partners LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter valued at about $15,425,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Eastman Chemical by 18.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 617,870 shares of the basic materials company’s stock valued at $39,439,000 after buying an additional 94,679 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMN. Wells Fargo & Company raised their price objective on Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their target price on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Mizuho set a $85.00 target price on shares of Eastman Chemical in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a report on Monday, May 18th. Finally, UBS Group boosted their price target on shares of Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. 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.com, Eastman Chemical presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Eastman Chemical Stock Performance

EMN stock opened at $68.67 on Monday. The stock has a 50-day moving average price of $71.49 and a 200-day moving average price of $72.01. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The firm has a market cap of $7.85 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.07.

Eastman Chemical (NYSE:EMN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $1.91 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, equities research analysts expect that Eastman Chemical Company will post 6.3 earnings per share for the current year.

Eastman Chemical Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th were paid a $0.84 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.36 annualized dividend and a yield of 4.9%. Eastman Chemical’s payout ratio is 97.39%.

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.