Horizon Investments LLC Increases Stake in Eastman Chemical Company $EMN

Key Points

• Horizon Investments boosted its stake in Eastman Chemical by 3,022.6%, acquiring an additional 96,873 shares to hold 100,078 shares (about 0.09% of the company) valued at roughly $6.39 million; institutional investors now own ~83.65% of the stock.
• Eastman reported Q1 EPS of $1.09 versus a $1.07 estimate and revenue of $2.18 billion (down ~4.9% YoY), and management raised Q2 2026 guidance to $1.70–$1.90, signaling confidence despite weaker volumes year-over-year.
• Analysts have a consensus rating of "Hold" with a $77.27 price target; shares trade near $77.35, the company has a P/E of ~22.4 and pays a $3.36 annual dividend (≈4.3% yield).

Horizon Investments LLC lifted its position in Eastman Chemical Company (NYSE:EMN - Free Report) by 3,022.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,078 shares of the basic materials company's stock after acquiring an additional 96,873 shares during the quarter. Horizon Investments LLC owned 0.09% of Eastman Chemical worth $6,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMN. Oppenheimer Asset Management Inc. raised its holdings in shares of Eastman Chemical by 0.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 20,145 shares of the basic materials company's stock valued at $1,286,000 after purchasing an additional 162 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of Eastman Chemical by 70.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 425 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Advisors Management Group Inc. ADV boosted its stake in shares of Eastman Chemical by 1.5% during the third quarter. Advisors Management Group Inc. ADV now owns 12,327 shares of the basic materials company's stock valued at $777,000 after purchasing an additional 181 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Eastman Chemical by 2.6% during the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company's stock valued at $644,000 after buying an additional 183 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in Eastman Chemical by 4.3% in the fourth quarter. Apollon Wealth Management LLC now owns 4,467 shares of the basic materials company's stock worth $285,000 after buying an additional 184 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Eastman Chemical from $64.00 to $72.00 and gave the stock a "hold" rating in a report on Monday, February 2nd. Evercore set a $75.00 price target on Eastman Chemical in a research report on Wednesday, February 18th. Bank of America raised their price objective on Eastman Chemical from $74.00 to $79.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. KeyCorp reiterated an "overweight" rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Finally, Citigroup reduced their target price on shares of Eastman Chemical from $84.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, April 16th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.27.

Eastman Chemical Stock Performance

Shares of EMN stock opened at $77.35 on Friday. The business's fifty day simple moving average is $72.58 and its 200-day simple moving average is $68.06. The company has a market cap of $8.83 billion, a PE ratio of 22.42, a PEG ratio of 1.05 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. Eastman Chemical Company has a 12-month low of $56.11 and a 12-month high of $84.18.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.94% and a net margin of 4.62%.The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm earned $1.91 EPS. The business's quarterly revenue was down 4.9% on a year-over-year basis. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Analysts expect that Eastman Chemical Company will post 5.85 earnings per share for the current fiscal year.

Eastman Chemical Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, March 13th. Eastman Chemical's dividend payout ratio (DPR) is currently 82.15%.

Eastman Chemical News Roundup

Here are the key news stories impacting Eastman Chemical this week:

• Positive Sentiment: Q1 EPS beat: Eastman reported $1.09 EPS vs. consensus $1.07, a small upside that helped reassure investors that margins and pricing actions are holding. Eastman Chemical (EMN) Q1 Earnings Surpass Estimates
• Positive Sentiment: Raised Q2 guidance: Management set Q2 2026 EPS guidance of $1.70–$1.90 versus a consensus ~$1.67, signaling confidence in near-term pricing, product mix and Chemical Intermediates strength. This outlook likely drove buying interest. Company Guidance Announcement
• Positive Sentiment: Pricing & portfolio tailwinds: Analysts and the company highlighted pricing actions and strength in Chemical Intermediates as offsetting weaker demand — a thematic driver for sentiment improvement. EMN Q1 Earnings Beat Estimates, Revenues Miss on Lower Y/Y Volume
• Neutral Sentiment: Management commentary and materials available: The full earnings call transcript, slide deck and press release provide additional color on costs, cash flow and segment performance for investors doing deeper due diligence. Eastman Chemical Company (EMN) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Top-line vs. estimates: Revenue was $2.18B vs. ~$2.17B expected — essentially in line, but details by end market matter for investors assessing cyclicality. MarketBeat Q1 Coverage
• Negative Sentiment: Volume and YoY profit decline: Revenue fell ~4.9% YoY and Q1 EPS declined sharply from $1.91 a year ago to $1.09, reflecting weaker volumes and prior-year comparisons — a residual headwind to valuation until growth visibly returns. Eastman Chemical: Q1 Earnings Snapshot

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.

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