Insider Buying: Eastern (NASDAQ:EML) Director Purchases $20,116.00 in Stock

Posted by Stanley Muller on Jun 20th, 2026

Eastern Company (The) (NASDAQ:EML – Get Free Report) Director Chan Galbato purchased 940 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $21.40 per share, with a total value of $20,116.00. Following the completion of the acquisition, the director directly owned 4,167 shares in the company, valued at $89,173.80. The trade was a 29.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eastern Stock Performance

Shares of EML opened at $23.68 on Friday. The stock has a market capitalization of $142.79 million, a P/E ratio of 24.67 and a beta of 0.87. Eastern Company has a twelve month low of $17.61 and a twelve month high of $26.77. The company has a quick ratio of 1.64, a current ratio of 3.52 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $21.72 and a two-hundred day simple moving average of $20.10.

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

Eastern Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EML. Renaissance Technologies LLC raised its holdings in 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. purchased a new stake in shares of Eastern in the 1st quarter worth about $940,000. Fifth Third Bancorp bought a new stake in shares of Eastern during the 1st quarter valued at about $73,000. Osaic Holdings Inc. increased its position in shares of Eastern by 3,259.7% during the fourth quarter. Osaic Holdings Inc. now owns 13,674 shares of the industrial products company’s stock valued at $269,000 after buying an additional 13,267 shares during the period. Finally, Barclays PLC increased its position in shares of Eastern by 10.9% during 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 during the period. 76.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Eastern

About Eastern

(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.