The Eastern Company (NASDAQ:EML) Director Buys $12,210.00 in Stock

by · The Markets Daily

The Eastern Company (NASDAQ:EML – Get Free Report) Director Frederick D. Disanto acquired 407 shares of Eastern stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $30.00 per share, with a total value of $12,210.00. Following the completion of the transaction, the director now owns 65,890 shares of the company’s stock, valued at approximately $1,976,700. This trade represents a 0.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Eastern Stock Up 1.2 %

Shares of EML stock opened at $28.54 on Friday. The business’s fifty day moving average is $31.02 and its 200-day moving average is $29.17. The Eastern Company has a 1 year low of $18.00 and a 1 year high of $35.78. The company has a current ratio of 2.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37.

Eastern Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.54%. Eastern’s dividend payout ratio (DPR) is -42.72%.

Institutional Investors Weigh In On Eastern

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Eastern by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 386,281 shares of the industrial products company’s stock worth $9,838,000 after acquiring an additional 8,835 shares during the last quarter. Geode Capital Management LLC increased its stake in Eastern by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 127,108 shares of the industrial products company’s stock worth $4,126,000 after purchasing an additional 449 shares in the last quarter. Ancora Advisors LLC raised its holdings in Eastern by 1.8% during the 1st quarter. Ancora Advisors LLC now owns 69,047 shares of the industrial products company’s stock worth $2,354,000 after buying an additional 1,250 shares during the period. State Street Corp raised its holdings in Eastern by 8.3% during the 3rd quarter. State Street Corp now owns 68,301 shares of the industrial products company’s stock worth $2,216,000 after buying an additional 5,225 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Eastern by 37.9% in the second quarter. Bank of New York Mellon Corp now owns 52,259 shares of the industrial products company’s stock worth $1,331,000 after acquiring an additional 14,373 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Eastern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd.

Check Out Our Latest Stock Analysis on EML

Eastern Company Profile

(Get Free Report)

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries.

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