Romano Brothers AND Company Has $1.43 Million Stock Position in Eastman Chemical Company $EMN

2026-03-28 06:20:51 ET

Romano Brothers AND Company lowered its stake in shares of Eastman Chemical Company ( NYSE:EMN – Free Report ) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,434 shares of the basic materials company’s stock after selling 8,690 shares during the period. Romano Brothers AND Company’s holdings in Eastman Chemical were worth $1,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in Eastman Chemical during the fourth quarter worth $202,000. Integrated Wealth Concepts LLC increased its stake in shares of Eastman Chemical by 185.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after purchasing an additional 4,345 shares during the last quarter. Millennium Management LLC increased its stake in shares of Eastman Chemical by 69.2% during the 1st quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after purchasing an additional 79,376 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Eastman Chemical by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock valued at $644,000 after purchasing an additional 183 shares during the period. Finally, United Services Automobile Association acquired a new stake in Eastman Chemical in the 1st quarter valued at about $252,000. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Stock Down 1.7%

Eastman Chemical stock opened at $71.24 on Friday. The company’s 50-day moving average price is $73.02 and its two-hundred day moving average price is $66.44. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.13 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.61 and a beta of 1.20. Eastman Chemical Company has a twelve month low of $56.11 and a twelve month high of $89.28.

Eastman Chemical ( NYSE:EMN – Get Free Report ) last posted its earnings results on Thursday, January 29th. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.03 billion. Eastman Chemical had a net margin of 5.42% and a return on equity of 10.57%. Eastman Chemical’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. As a group, analysts expect that Eastman Chemical Company will post 8.55 EPS for the current year.

Eastman Chemical Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 13th will be given 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 4.7%. Eastman Chemical’s dividend payout ratio (DPR) is presently 82.15%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EMN. Deutsche Bank Aktiengesellschaft boosted their price target on Eastman Chemical from $64.00 to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. raised their price objective on Eastman Chemical from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wells Fargo & Company reissued an “equal weight” rating and set a $70.00 target price on shares of Eastman Chemical in a report on Friday, December 19th. Bank of America increased their price target on Eastman Chemical from $74.00 to $79.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Zacks Research raised Eastman Chemical from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.64.

Get Our Latest Analysis on Eastman Chemical

About Eastman Chemical

( 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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