5 Best US Chemical Stocks To Buy Now

4. Eastman Chemical Company (NYSE:EMN)

Number of Hedge Fund Holders: 32

Eastman Chemical Company (NYSE:EMN) was founded in 1920 and is headquartered in Kingsport, Tennessee. It is a specialty chemicals company in the United States and internationally, and operates through Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers segments. On February 14, Eastman Chemical Company (NYSE:EMN) declared a quarterly dividend of $0.79 per share, in line with previous. The dividend is payable on April 10, to shareholders of record on March 15. It is one of the best chemical stocks to invest in. 

On January 30, Barclays analyst Michael Leithead raised the firm’s price target on Eastman Chemical Company (NYSE:EMN) to $87 from $82 and kept an Equal Weight rating on the shares following the Q4 results.

According to Insider Monkey’s fourth quarter database, 32 hedge funds were bullish on Eastman Chemical Company (NYSE:EMN), and Two Sigma Advisors held a prominent stake in the company, comprising 679,600 shares worth $55.3 million. 

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