Eastern Company (The) (NASDAQ:EML) Director Frederick D. Disanto bought 1,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $26.41 per share, with a total value of $39,615.00. Following the acquisition, the director now owns 8,661 shares in the company, valued at approximately $228,737.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Eastern Company (EML) traded up $0.05 during mid-day trading on Friday, reaching $26.80. The company’s stock had a trading volume of 6,246 shares, compared to its average volume of 18,443. The company has a market cap of $169.37, a PE ratio of 17.63 and a beta of 0.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 3.16. Eastern Company has a 52-week low of $18.85 and a 52-week high of $31.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, November 14th. Eastern Company (The)’s dividend payout ratio (DPR) is presently 35.20%.

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Hedge funds have recently added to or reduced their stakes in the business. Barington Capital Group L.P. increased its holdings in Eastern Company (The) by 9.5% during the 2nd quarter. Barington Capital Group L.P. now owns 575,703 shares of the industrial products company’s stock worth $17,300,000 after purchasing an additional 50,098 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of Eastern Company (The) by 85.7% in the 2nd quarter. Nationwide Fund Advisors now owns 35,831 shares of the industrial products company’s stock valued at $1,077,000 after acquiring an additional 16,532 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Eastern Company (The) by 53.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 45,406 shares of the industrial products company’s stock valued at $1,364,000 after acquiring an additional 15,728 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Eastern Company (The) by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 509,125 shares of the industrial products company’s stock valued at $15,299,000 after acquiring an additional 16,740 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of Eastern Company (The) in the 2nd quarter valued at about $788,000. Hedge funds and other institutional investors own 66.33% of the company’s stock.

About Eastern Company (The)

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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