Eastman Chemical (EMN)

• Market cap: $11.8B
• 1 day: -0.03%
• 5 days: -1.25%
• 1 month: 13.02%
• 3 months: 0.23%
• 6 months: 6.50%
• Year to date: 13.78%
• 1 year: 20.16%
• 5 years: 33.09%
• 10 years: 34.10%
• Sector: Materials
• Industry: Plastic Materials, Synthetic Resins & Nonvulcan Elastomers

About: Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Employees: 14,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

229% more call options, than puts

Call options by funds: $46.2M | Put options by funds: $14M

56% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 63

9% more capital invested

Capital invested by funds: $10.4B [Q2] → $11.3B (+$900M) [Q3]

4% more funds holding

Funds holding: 738 [Q2] → 766 (+28) [Q3]

9% more repeat investments, than reductions

Existing positions increased: 275 | Existing positions reduced: 253

4.48% less ownership

Funds ownership: 90.59% [Q2] → 86.11% (-4.48%) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $102 1% upside
• Avg. target: $113 12% upside
• High target: $128 27% upside

10 analyst ratings

• positive: 5 50%
• neutral: 5 50%
• negative: 0 0%

RBC Capital Arun Viswanathan 31% 1-year accuracy 21 / 68 met price target	2% upside $103	Sector Perform Maintained	4 Feb 2025
JP Morgan Jeffrey Zekaukas 100% 1-year accuracy 1 / 1 met price target	11% upside $112	Overweight Maintained	3 Feb 2025
Barclays Michael Leithead 45% 1-year accuracy 9 / 20 met price target	7% upside $108	Equal-Weight Maintained	3 Feb 2025
Keybanc Aleksey Yefremov 38% 1-year accuracy 44 / 116 met price target	27% upside $128	Overweight Maintained	3 Feb 2025
UBS Joshua Spector 53% 1-year accuracy 19 / 36 met price target	22% upside $123	Buy Maintained	31 Jan 2025