The Eastern Company (NASDAQ:EML – Get Free Report) Director Frederick D. Disanto acquired 1,700 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $18.72 per share, for a total transaction of $31,824.00. Following the completion of the transaction, the director now owns 58,046 shares in the company, valued at $1,086,621.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Eastern Stock Down 0.7 %
Shares of EML opened at $18.20 on Friday. The business’s 50 day moving average is $17.76 and its 200 day moving average is $17.79. The company has a market capitalization of $113.57 million, a PE ratio of 21.67 and a beta of 1.09. The Eastern Company has a 12-month low of $15.30 and a 12-month high of $24.35. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.36.
Eastern Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, November 14th. Eastern’s dividend payout ratio (DPR) is presently 52.38%.
Institutional Trading of Eastern
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Eastern in a research note on Thursday, October 5th. They set a “buy” rating on the stock.
Eastern Company Profile
The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries.
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