The Eastern Company (NASDAQ:EML - Get Free Report) CEO Mark Anthony Hernandez acquired 2,341 shares of the business's stock in a transaction dated Thursday, May 16th. The stock was acquired at an average cost of $28.99 per share, with a total value of $67,865.59. Following the purchase, the chief executive officer now directly owns 35,249 shares in the company, valued at approximately $1,021,868.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Eastern Trading Down 6.0 %
NASDAQ:EML opened at $27.84 on Tuesday. The company has a fifty day moving average of $30.67 and a 200 day moving average of $25.13. The Eastern Company has a 52 week low of $16.10 and a 52 week high of $35.78. The company has a quick ratio of 1.35, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $173.44 million, a P/E ratio of 17.62 and a beta of 1.16.
Eastern (NASDAQ:EML - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.31 EPS for the quarter. Eastern had a net margin of 3.69% and a return on equity of 8.44%. The business had revenue of $67.93 million during the quarter.
Eastern Dividend Announcement
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be issued a $0.11 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.58%. Eastern's dividend payout ratio (DPR) is presently 27.85%.
Analyst Ratings Changes
EML has been the subject of a number of research reports. StockNews.com raised shares of Eastern from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 14th. TheStreet upgraded shares of Eastern from a "c" rating to a "b-" rating in a report on Wednesday, March 20th.
View Our Latest Research Report on Eastern
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC increased its stake in shares of Eastern by 1.8% in the 1st quarter. Ancora Advisors LLC now owns 69,047 shares of the industrial products company's stock worth $2,354,000 after acquiring an additional 1,250 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Eastern by 7.3% in the 1st quarter. Empowered Funds LLC now owns 15,356 shares of the industrial products company's stock worth $523,000 after acquiring an additional 1,050 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Eastern in the 4th quarter worth about $75,000. Finally, Minerva Advisors LLC increased its stake in shares of Eastern by 3.5% in the 3rd quarter. Minerva Advisors LLC now owns 427,460 shares of the industrial products company's stock worth $7,695,000 after acquiring an additional 14,284 shares in the last quarter. 76.99% of the stock is currently owned by institutional investors.
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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