Frederick D. Disanto Acquires 654 Shares of The Eastern Company (NASDAQ:EML) Stock

The Eastern Company (NASDAQ:EML) Director Frederick D. Disanto purchased 654 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $28.62 per share, with a total value of $18,717.48. Following the completion of the transaction, the director now owns 68,162 shares in the company, valued at approximately $1,950,796.44. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eastern Stock Performance

Shares of Eastern stock opened at $30.24 on Wednesday. The stock has a market cap of $186.97 million, a price-to-earnings ratio of -29.36 and a beta of 0.98. The company has a quick ratio of 1.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.37. The Eastern Company has a twelve month low of $20.50 and a twelve month high of $35.78. The company’s fifty day moving average is $30.07 and its 200 day moving average is $29.24.

Eastern Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.46%. Eastern’s dividend payout ratio (DPR) is -42.72%.

Hedge Funds Weigh In On Eastern

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in Eastern by 277.7% during the 3rd quarter. Barclays PLC now owns 6,875 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 5,055 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Eastern by 0.4% during the third quarter. Geode Capital Management LLC now owns 127,108 shares of the industrial products company’s stock worth $4,126,000 after buying an additional 449 shares during the period. State Street Corp raised its stake in Eastern by 8.3% during the third 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 last quarter. HighTower Advisors LLC bought a new position in Eastern during the third quarter worth $231,000. Finally, De Lisle Partners LLP lifted its holdings in Eastern by 15.9% in the third quarter. De Lisle Partners LLP now owns 40,922 shares of the industrial products company’s stock valued at $1,320,000 after buying an additional 5,600 shares during the period. 76.99% of the stock is owned by institutional investors and hedge funds.

Eastern Company Profile

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.