Eastern (NASDAQ:EML) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.36 EPS for the quarter. Eastern had a net margin of 4.27% and a return on equity of 11.19%.
Shares of Eastern (NASDAQ EML) opened at $24.60 on Tuesday. Eastern has a 1 year low of $18.85 and a 1 year high of $31.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 3.16. The stock has a market cap of $161.73, a price-to-earnings ratio of 19.68 and a beta of 0.35.
In other Eastern news, COO Angelo Labbadia acquired 1,398 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $28.30 per share, with a total value of $39,563.40. Following the transaction, the chief operating officer now directly owns 1,398 shares in the company, valued at approximately $39,563.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John L. Sullivan III acquired 1,400 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $25.77 per share, with a total value of $36,078.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 6,098 shares of company stock valued at $161,606. Insiders own 13.75% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Eastern during the 2nd quarter valued at $159,000. California State Teachers Retirement System bought a new position in Eastern in the 2nd quarter worth $297,000. Finally, State Street Corp bought a new position in Eastern in the 2nd quarter worth $1,688,000. 66.55% of the stock is owned by hedge funds and other institutional investors.
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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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