Eastern Company (The) (NASDAQ:EML) Director Frederick D. Disanto acquired 1,500 shares of Eastern stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $26.41 per share, for a total transaction of $39,615.00. Following the completion of the acquisition, the director now directly owns 8,661 shares in the company, valued at $228,737.01. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Eastern Company (NASDAQ EML) opened at $28.25 on Tuesday. Eastern Company has a 52-week low of $18.85 and a 52-week high of $31.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.16 and a quick ratio of 1.73. The firm has a market capitalization of $176.88, a price-to-earnings ratio of 18.83 and a beta of 0.31.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a $0.11 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.56%. Eastern’s dividend payout ratio (DPR) is presently 35.48%.
Hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Eastern in the 2nd quarter valued at about $147,000. The Manufacturers Life Insurance Company purchased a new position in shares of Eastern in the 2nd quarter valued at about $159,000. SG Americas Securities LLC purchased a new position in shares of Eastern in the 3rd quarter valued at about $155,000. New York State Common Retirement Fund purchased a new position in shares of Eastern in the 2nd quarter valued at about $180,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Eastern in the 2nd quarter valued at about $277,000. 66.64% of the stock is owned by institutional investors and hedge funds.
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Eastern Company Profile
The Eastern Company manufactures and sells industrial hardware, security products and metal products from over six United States operations and seven foreign subsidiaries. The Company maintains over 13 physical locations. It operates through three segments: Industrial Hardware, Security Products and Metal Products.
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