Brookstone Capital Management Sells 9,250 Shares of Eastman Chemical Company $EMN

by · The Markets Daily

Brookstone Capital Management lessened its holdings in shares of Eastman Chemical Company (NYSE:EMN – Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,112 shares of the basic materials company’s stock after selling 9,250 shares during the period. Brookstone Capital Management’s holdings in Eastman Chemical were worth $10,235,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in Eastman Chemical during the 2nd quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Eastman Chemical during the 4th quarter worth about $25,000. Brown Lisle Cummings Inc. grew its position in shares of Eastman Chemical by 70.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Eastman Chemical in the 4th quarter valued at about $27,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Eastman Chemical in the fourth quarter valued at about $27,000. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

EMN has been the subject of several analyst reports. Citigroup raised their price target on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Morgan Stanley upped their price objective on shares of Eastman Chemical from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. UBS Group increased their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $82.00 price target on shares of Eastman Chemical in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Check Out Our Latest Stock Report on Eastman Chemical

Eastman Chemical Price Performance

Shares of EMN opened at $71.89 on Tuesday. 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 0.73, a quick ratio of 0.71 and a current ratio of 1.47. The business’s 50 day moving average price is $73.31 and its two-hundred day moving average price is $71.30. The firm has a market cap of $8.22 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.

Eastman Chemical (NYSE:EMN – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. On average, equities analysts anticipate that Eastman Chemical Company will post 6.36 EPS for the current year.

Eastman Chemical Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, June 15th. Eastman Chemical’s dividend payout ratio (DPR) is presently 97.39%.

Eastman Chemical Company Profile

(Free Report)

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.

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