WINTON GROUP Ltd Buys New Stake in Eastman Chemical Company $EMN

Key Points

• WINTON GROUP Ltd. purchased 21,700 Eastman Chemical shares worth approximately $1.45 million, while institutional investors and hedge funds collectively own 83.65% of the company.
• Analyst sentiment remains cautious, with an average “Hold” rating and a consensus price target of $79.17; recent targets range from $74 to $81, with some analysts lowering estimates.
• Eastman exceeded quarterly earnings expectations, reporting $1.97 in EPS and $2.51 billion in revenue, while announcing a quarterly dividend of $0.84 per share, equivalent to a 4.9% annualized yield.

WINTON GROUP Ltd purchased a new position in shares of Eastman Chemical Company (NYSE:EMN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,700 shares of the basic materials company's stock, valued at approximately $1,453,000.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Eastman Chemical by 29.3% during the 1st quarter. Royal Bank of Canada now owns 188,049 shares of the basic materials company's stock worth $14,352,000 after buying an additional 42,601 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Eastman Chemical by 18.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 617,870 shares of the basic materials company's stock valued at $39,439,000 after acquiring an additional 94,679 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Eastman Chemical by 270.9% during the first quarter. Empowered Funds LLC now owns 65,611 shares of the basic materials company's stock valued at $5,007,000 after acquiring an additional 47,923 shares during the period. Freestone Grove Partners LP bought a new stake in Eastman Chemical during the second quarter worth approximately $954,000. Finally, NewEdge Advisors LLC raised its holdings in Eastman Chemical by 123.6% during the first quarter. NewEdge Advisors LLC now owns 62,829 shares of the basic materials company's stock worth $4,795,000 after purchasing an additional 34,734 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Eastman Chemical

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

• Positive Sentiment: KeyCorp projects Eastman’s earnings will increase from $6.30 per share in fiscal 2026 to $6.70 in 2027 and $7.90 in 2028, indicating a recovery in profitability over the longer term.
• Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating and estimated third-quarter 2026 EPS of $1.94 and fourth-quarter EPS of $1.30. These forecasts provide limited evidence of a near-term catalyst. KeyCorp earnings estimates
• Neutral Sentiment: Analysts collectively give Eastman Chemical an average “Hold” recommendation, suggesting expectations are balanced rather than strongly bullish or bearish. Eastman Chemical receives average Hold recommendation
• Negative Sentiment: Wall Street Zen downgraded EMN to “Hold,” reinforcing cautious sentiment and potentially weighing on the stock as investors reassess its near-term upside. Eastman Chemical downgraded to Hold
• Negative Sentiment: KeyCorp’s fiscal 2026 EPS estimate of $6.30 is below the broader consensus of approximately $6.48–$6.50, signaling expectations for weaker near-term earnings than the market currently anticipates.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Eastman Chemical from $69.00 to $74.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $74.00 target price on shares of Eastman Chemical in a research note on Monday, August 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $75.00 price target on shares of Eastman Chemical in a research report on Thursday, July 16th. Citigroup reduced their price objective on Eastman Chemical from $85.00 to $81.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Finally, Morgan Stanley cut their target price on Eastman Chemical from $83.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, July 2nd. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $79.17.

Eastman Chemical Stock Performance

Shares of Eastman Chemical stock opened at $68.05 on Friday. The stock has a market cap of $7.78 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The business has a fifty day simple moving average of $70.75 and a 200-day simple moving average of $71.90. The company has a quick ratio of 0.76, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Eastman Chemical Company has a 12 month low of $56.11 and a 12 month high of $83.47.

Eastman Chemical (NYSE:EMN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.15. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.40 billion. Eastman Chemical had a return on equity of 9.46% and a net margin of 4.99%.Eastman Chemical's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. Eastman Chemical has set its Q3 2026 guidance at 1.970-1.970 EPS. On average, sell-side analysts anticipate that Eastman Chemical Company will post 6.48 EPS for the current fiscal year.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be issued a $0.84 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.9%. Eastman Chemical's dividend payout ratio is currently 87.50%.

Eastman Chemical Profile

Eastman Chemical Company NYSE: EMN is a global specialty materials company that develops and manufactures products used in transportation, building and construction, consumer goods, packaging, personal care, and other markets. The company serves customers through a portfolio of specialty polymers, additives, advanced materials, chemical intermediates, and fibers.

Its products include Tritan copolyester used in durable consumer and medical applications, Saflex interlayers for laminated glass, cellulose esters for coatings and plastics, and specialty additives used in coatings, adhesives, lubricants, and personal care products.

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