Eastern Company (The) (NASDAQ:EML – Get Free Report) Director John Everets bought 1,310 shares of Eastern stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $21.40 per share, for a total transaction of $28,034.00. Following the acquisition, the director directly owned 142,504 shares of the company’s stock, valued at $3,049,585.60. The trade was a 0.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Eastern Price Performance
EML stock opened at $23.68 on Friday. The stock has a 50-day moving average price of $21.72 and a two-hundred day moving average price of $20.10. Eastern Company has a 12-month low of $17.61 and a 12-month high of $26.77. The company has a current ratio of 3.52, a quick ratio of 1.64 and a debt-to-equity ratio of 0.29. The company has a market cap of $142.79 million, a PE ratio of 24.67 and a beta of 0.87.
Eastern (NASDAQ:EML – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The industrial products company reported $0.11 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 return on equity of 5.46% and a net margin of 2.41%.
Eastern Dividend Announcement
Institutional Trading of Eastern
A number of hedge funds have recently made changes to their positions in the stock. Teton Advisors LLC bought a new position in Eastern during the 3rd quarter valued at $3,293,000. Dimensional Fund Advisors LP grew its stake in Eastern by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 388,292 shares of the industrial products company’s stock worth $7,645,000 after purchasing an additional 1,571 shares in the last quarter. Empowered Funds LLC increased its holdings in Eastern by 7.1% in the first quarter. Empowered Funds LLC now owns 31,855 shares of the industrial products company’s stock valued at $807,000 after buying an additional 2,100 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Eastern by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 20,533 shares of the industrial products company’s stock valued at $520,000 after buying an additional 6,219 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake 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 valued at $269,000 after buying an additional 13,267 shares in the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.
Analyst Ratings Changes
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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Eastern has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on EML
Eastern Company Profile
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.
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