Kornitzer Capital Management Inc. KS Has $13.44 Million Holdings in Eastman Chemical Company $EMN

Key Points

• Kornitzer Capital Management increased its stake in Eastman Chemical by 29.5% to 210,552 shares, valued at about $13.44 million (roughly 0.18% of the company).
• Eastman posted Q1 EPS of $1.09, a slight beat, and raised Q2 guidance to $1.70–$1.90, despite revenue falling ~4.9% year‑over‑year and EPS declining from $1.91 a year earlier.
• The shares carry a 4.3% dividend yield with an 82% payout ratio, while analysts’ consensus is a "Hold" with an average target near $77 amid mixed analyst moves (JPMorgan upgraded to overweight).

Kornitzer Capital Management Inc. KS raised its position in Eastman Chemical Company (NYSE:EMN - Free Report) by 29.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 210,552 shares of the basic materials company's stock after acquiring an additional 47,935 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.18% of Eastman Chemical worth $13,440,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new stake in Eastman Chemical in the second quarter valued at approximately $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Eastman Chemical by 70.0% in 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. Lodestone Wealth Management LLC bought a new position in shares of Eastman Chemical in the fourth quarter valued at approximately $33,000. Rothschild Investment LLC lifted its holdings in shares of Eastman Chemical by 65.6% in the third quarter. Rothschild Investment LLC now owns 578 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Eastman Chemical by 97.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 609 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Key Headlines Impacting Eastman Chemical

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EMN shares. JPMorgan Chase & Co. upgraded Eastman Chemical from a "neutral" rating to an "overweight" rating and raised their target price for the company from $70.00 to $80.00 in a report on Tuesday, April 14th. Royal Bank Of Canada restated a "sector perform" rating and issued a $79.00 target price on shares of Eastman Chemical in a report on Wednesday, February 4th. Weiss Ratings upgraded Eastman Chemical from a "sell (d+)" rating to a "hold (c)" rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft raised their target price on Eastman Chemical from $64.00 to $72.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Finally, Mizuho set a $85.00 target price on Eastman Chemical in a report on Friday. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $77.27.

Eastman Chemical Stock Performance

Shares of Eastman Chemical 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 $68.00. The firm has a market capitalization of $8.83 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.99 and a beta of 1.16. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $84.18. 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 (NYSE:EMN - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a return on equity of 8.94% and a net margin of 4.62%.Eastman Chemical's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. As a group, analysts anticipate that Eastman Chemical Company will post 5.85 EPS for the current year.

Eastman Chemical Dividend Announcement

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

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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