The Eastern Company (NASDAQ:EML - Get Free Report) Director Frederick D. Disanto bought 654 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $28.62 per share, with a total value of $18,717.48. Following the completion of the acquisition, the director now owns 68,162 shares of the company's stock, valued at $1,950,796.44. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Eastern Price Performance
EML stock opened at $28.72 on Tuesday. The business's 50-day moving average is $30.09 and its two-hundred day moving average is $29.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.64 and a quick ratio of 1.42. The firm has a market capitalization of $177.58 million, a P/E ratio of -27.88 and a beta of 0.98. The Eastern Company has a 1 year low of $20.50 and a 1 year high of $35.78.
Eastern Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 15th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.53%. Eastern's dividend payout ratio (DPR) is -42.72%.
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its position in shares of Eastern by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 3,086 shares of the industrial products company's stock worth $100,000 after acquiring an additional 1,739 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Eastern in the second quarter valued at approximately $110,000. Rhumbline Advisers purchased a new position in Eastern in the second quarter valued at approximately $134,000. Barclays PLC raised its holdings in Eastern by 277.7% during the third 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 in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Eastern during the 3rd quarter worth approximately $231,000. Institutional investors and hedge funds own 76.99% of the company's stock.
About Eastern
(
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.
Further Reading
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