Icon Advisers Inc. Co. Sells 27,000 Shares of Eastman Chemical Company $EMN

Key Points

• Icon Advisers cut its stake in Eastman Chemical by 49.4%, selling 27,000 shares and leaving 27,675 shares valued at about $1.745 million after the 3rd quarter.
• Eastman announced a quarterly dividend of $0.84 per share (annualized $3.36) with an ex-dividend date of March 13 and a yield of about 4.8%.
• Eastman's recent quarter reported EPS of $0.75 (missing estimates by $0.01) and revenue down 12.1% year‑over‑year; analysts are mixed with an average rating of “Hold” and an average price target of $79.21.

Icon Advisers Inc. Co. lessened its stake in Eastman Chemical Company (NYSE:EMN - Free Report) by 49.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,675 shares of the basic materials company's stock after selling 27,000 shares during the period. Icon Advisers Inc. Co.'s holdings in Eastman Chemical were worth $1,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Eastman Chemical by 0.5% during the second quarter. Vanguard Group Inc. now owns 14,659,591 shares of the basic materials company's stock valued at $1,094,485,000 after acquiring an additional 79,988 shares during the period. Dimensional Fund Advisors LP increased its position in Eastman Chemical by 14.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,052,656 shares of the basic materials company's stock worth $255,515,000 after purchasing an additional 509,290 shares during the period. Invesco Ltd. raised its holdings in Eastman Chemical by 6.8% during the 2nd quarter. Invesco Ltd. now owns 2,993,687 shares of the basic materials company's stock worth $223,509,000 after purchasing an additional 191,461 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Eastman Chemical by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,955,625 shares of the basic materials company's stock valued at $220,252,000 after purchasing an additional 39,510 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Eastman Chemical by 5.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,934,952 shares of the basic materials company's stock worth $219,124,000 after buying an additional 155,574 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EMN shares. Wells Fargo & Company reissued an "equal weight" rating and set a $70.00 price target on shares of Eastman Chemical in a research note on Friday, December 19th. Zacks Research raised shares of Eastman Chemical from a "strong sell" rating to a "hold" rating in a report on Wednesday. Weiss Ratings upgraded shares of Eastman Chemical from a "sell (d+)" rating to a "hold (c)" rating in a research report on Wednesday, February 18th. KeyCorp reissued an "overweight" rating on shares of Eastman Chemical in a research note on Monday, February 2nd. Finally, Bank of America raised their price target on Eastman Chemical from $74.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $79.21.

Eastman Chemical Stock Down 2.5%

Shares of NYSE:EMN opened at $70.38 on Friday. The company has a 50 day moving average price of $72.20 and a two-hundred day moving average price of $66.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 1.37. The company has a market capitalization of $8.03 billion, a PE ratio of 17.21, a PEG ratio of 1.59 and a beta of 1.20. Eastman Chemical Company has a 52 week low of $56.11 and a 52 week high of $99.89.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Eastman Chemical had a return on equity of 10.57% and a net margin of 5.42%.The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The company's revenue for the quarter was down 12.1% compared to the same quarter last year. Analysts forecast that Eastman Chemical Company will post 8.55 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, April 8th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.84 per share. The ex-dividend date is Friday, March 13th. This represents a $3.36 annualized dividend and a yield of 4.8%. Eastman Chemical's payout ratio is currently 82.15%.

Eastman Chemical News Roundup

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

• Positive Sentiment: Zacks upgraded Eastman from "strong sell" to "hold," which reduces the risk of a continued steep selloff and could limit downside if no further negative headlines arrive. Read More.
• Neutral Sentiment: Zacks left the market consensus full‑year EPS reference in its notes at $8.55, indicating their cuts still sit below the broader analyst consensus — a potential divergence investors should monitor.
• Negative Sentiment: Zacks cut multiple quarter and fiscal‑year EPS forecasts, lowering Q3/Q4 2026 and Q2–Q4 2027 quarter forecasts and trimming FY2026 to $5.61, FY2027 to $6.56 and FY2028 to $7.18 (from prior higher estimates). The revisions reflect a weaker earnings outlook and are a clear negative catalyst for the stock. Read More.
• Negative Sentiment: MarketWatch flagged that Eastman underperformed peers on Thursday, signaling short‑term relative weakness that may amplify selling pressure until company‑specific or sector drivers improve. Read More.

Eastman Chemical Profile

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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