Recent Research Analysts’ Ratings Updates for Eastman Chemical (EMN)

Several brokerages have updated their recommendations and price targets on shares of Eastman Chemical (NYSE: EMN) in the last few weeks:

• 2/13/2025 – Eastman Chemical had its price target raised by analysts at Piper Sandler from $102.00 to $105.00. They now have a “neutral” rating on the stock.
• 2/4/2025 – Eastman Chemical had its price target raised by analysts at Royal Bank of Canada from $101.00 to $103.00. They now have a “sector perform” rating on the stock.
• 2/3/2025 – Eastman Chemical had its price target raised by analysts at JPMorgan Chase & Co. from $110.00 to $112.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Eastman Chemical had its price target raised by analysts at KeyCorp from $121.00 to $128.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Eastman Chemical had its price target lowered by analysts at Barclays PLC from $111.00 to $108.00. They now have an “equal weight” rating on the stock.
• 1/31/2025 – Eastman Chemical had its price target lowered by analysts at UBS Group AG from $124.00 to $123.00. They now have a “buy” rating on the stock.
• 1/18/2025 – Eastman Chemical was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/14/2025 – Eastman Chemical was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $109.00 price target on the stock, down previously from $115.00.
• 1/10/2025 – Eastman Chemical was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/7/2025 – Eastman Chemical had its price target lowered by analysts at Piper Sandler from $105.00 to $102.00. They now have a “neutral” rating on the stock.
• 1/1/2025 – Eastman Chemical was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/18/2024 – Eastman Chemical was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $104.00 price target on the stock, down previously from $118.00.

Eastman Chemical Stock Performance

NYSE EMN traded down $0.13 on Friday, hitting $101.45. 224,925 shares of the company traded hands, compared to its average volume of 1,125,830. The business’s 50 day moving average price is $94.26 and its 200-day moving average price is $100.18. Eastman Chemical has a 52-week low of $83.38 and a 52-week high of $114.50. The company has a current ratio of 1.52, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.24 and a beta of 1.44.

Eastman Chemical (NYSE:EMN) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.27. Eastman Chemical had a return on equity of 16.40% and a net margin of 9.65%. Equities analysts expect that Eastman Chemical will post 8.47 earnings per share for the current year.

Eastman Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.27%. Eastman Chemical’s dividend payout ratio (DPR) is presently 43.23%.

Insider Activity

In other Eastman Chemical news, SVP Julie A. Mcalindon sold 4,456 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $105.84, for a total transaction of $471,623.04. Following the sale, the senior vice president now directly owns 4,403 shares of the company’s stock, valued at $466,013.52. This trade represents a 50.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Glenn Crawford sold 10,504 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $105.00, for a total value of $1,102,920.00. Following the completion of the transaction, the executive vice president now directly owns 47,287 shares of the company’s stock, valued at approximately $4,965,135. This trade represents a 18.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.93% of the company’s stock.

Hedge Funds Weigh In On Eastman Chemical

Hedge funds have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC increased its holdings in Eastman Chemical by 5.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 7,539 shares of the basic materials company’s stock valued at $688,000 after acquiring an additional 404 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Eastman Chemical by 18.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 165,343 shares of the basic materials company’s stock worth $15,099,000 after purchasing an additional 25,200 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of Eastman Chemical by 10.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 11,565 shares of the basic materials company’s stock worth $1,050,000 after buying an additional 1,079 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Eastman Chemical by 51.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,350 shares of the basic materials company’s stock worth $489,000 after buying an additional 1,810 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Eastman Chemical by 3.1% during the fourth quarter. Hsbc Holdings PLC now owns 253,886 shares of the basic materials company’s stock valued at $23,173,000 after buying an additional 7,569 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.