Insider Buying: Eastern (NASDAQ:EML) Director Buys $35,930.60 in Stock

Posted by Stanley Muller on Jun 20th, 2026

Eastern Company (The) (NASDAQ:EML – Get Free Report) Director James Mitarotonda bought 1,679 shares of the stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $21.40 per share, with a total value of $35,930.60. Following the completion of the acquisition, the director owned 46,190 shares of the company’s stock, valued at $988,466. This represents a 3.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eastern Price Performance

Shares of EML opened at $23.68 on Friday. The firm has a market cap of $142.79 million, a PE ratio of 24.67 and a beta of 0.87. Eastern Company has a 52-week low of $17.61 and a 52-week high of $26.77. The business’s 50 day moving average price is $21.72 and its two-hundred day moving average price is $20.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.64 and a current ratio of 3.52.

Eastern (NASDAQ:EML – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The industrial products company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.39). Eastern had a return on equity of 5.46% and a net margin of 2.41%.The company had revenue of $59.68 million for the quarter, compared to analyst estimates of $67.74 million.

Eastern Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 15th. Eastern’s payout ratio is 45.83%.

Hedge Funds Weigh In On Eastern

A number of institutional investors have recently modified their holdings of EML. Renaissance Technologies LLC lifted its holdings in shares of Eastern by 15.6% in the 1st quarter. Renaissance Technologies LLC now owns 133,237 shares of the industrial products company’s stock worth $2,697,000 after purchasing an additional 18,000 shares in the last quarter. Sei Investments Co. acquired a new position in Eastern during the first quarter worth $940,000. Fifth Third Bancorp acquired a new position in Eastern during the first quarter worth $73,000. Osaic Holdings Inc. raised its holdings in Eastern by 3,259.7% during the fourth quarter. Osaic Holdings Inc. now owns 13,674 shares of the industrial products company’s stock worth $269,000 after buying an additional 13,267 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Eastern by 10.9% in the fourth quarter. Barclays PLC now owns 9,002 shares of the industrial products company’s stock valued at $177,000 after buying an additional 886 shares in the last quarter. 76.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut shares of Eastern from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Stock Report on EML

Eastern Company Profile

(Get Free Report)

Eastern (NASDAQ:EML), based in West Haven, Connecticut, is a diversified industrial manufacturer specializing in secure hardware and metal finishing services. The company operates through two primary segments: Industrial Hardware Products and Security Products, complemented by a Metal Coatings division. Its Industrial Hardware Products segment produces cold-headed fasteners, forgings, hinges and precision components for heavy commercial vehicles, hydraulic cylinders and industrial machinery.

The Security Products segment designs and manufactures a wide range of lock and latch solutions, including padlocks, door hardware, cabinet locks and rental security towers for commercial and institutional applications.