John L. Sullivan III Purchases 1,400 Shares of Eastern Company (The) (EML) Stock
Eastern Company (The) (NASDAQ:EML) VP John L. Sullivan III bought 1,400 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $25.77 per share, for a total transaction of $36,078.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Eastern Company (NASDAQ EML) traded up $0.10 on Friday, reaching $26.15. 14,400 shares of the company were exchanged, compared to its average volume of 18,633. The stock has a market capitalization of $163.11, a P/E ratio of 17.37 and a beta of 0.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.16 and a quick ratio of 1.75. Eastern Company has a 1-year low of $18.85 and a 1-year high of $31.50.
The business 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 $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, November 14th. Eastern Company (The)’s dividend payout ratio is currently 35.48%.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Eastern Company (The) by 10.4% in the third quarter. Wells Fargo & Company MN now owns 86,425 shares of the industrial products company’s stock valued at $2,481,000 after purchasing an additional 8,172 shares in the last quarter. SG Americas Securities LLC bought a new position in Eastern Company (The) in the 3rd quarter worth approximately $155,000. Bessemer Group Inc. boosted its stake in Eastern Company (The) by 29.4% in the 3rd quarter. Bessemer Group Inc. now owns 26,433 shares of the industrial products company’s stock worth $759,000 after purchasing an additional 6,000 shares during the period. Gamco Investors INC. ET AL boosted its stake in Eastern Company (The) by 2.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 519,116 shares of the industrial products company’s stock worth $14,899,000 after purchasing an additional 9,991 shares during the period. Finally, California State Teachers Retirement System bought a new position in Eastern Company (The) in the 2nd quarter worth approximately $297,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.
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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