Eastern Co (NASDAQ:EML) CEO August M. Vlak acquired 3,500 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average price of $26.58 per share, with a total value of $93,030.00. Following the purchase, the chief executive officer now owns 10,576 shares in the company, valued at approximately $281,110.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Eastern stock traded up $0.60 during mid-day trading on Friday, reaching $27.90. 8,738 shares of the stock were exchanged, compared to its average volume of 13,291. The stock has a market capitalization of $164.82 million, a P/E ratio of 15.38 and a beta of 0.39. The company has a quick ratio of 1.54, a current ratio of 2.98 and a debt-to-equity ratio of 0.30. Eastern Co has a fifty-two week low of $24.00 and a fifty-two week high of $31.00.

Eastern (NASDAQ:EML) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $60.86 million during the quarter. Eastern had a net margin of 3.65% and a return on equity of 12.35%.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Wednesday, August 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, August 14th.

Separately, TheStreet upgraded shares of Eastern from a “c+” rating to a “b+” rating in a research report on Monday, June 4th.

Institutional investors have recently made changes to their positions in the stock. Bray Capital Advisors acquired a new stake in shares of Eastern during the 1st quarter worth about $190,000. Deutsche Bank AG increased its position in shares of Eastern by 15.5% during the 4th quarter. Deutsche Bank AG now owns 35,000 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 4,700 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Eastern by 136.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,079 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 2,933 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Eastern by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 387,451 shares of the industrial products company’s stock worth $11,042,000 after purchasing an additional 18,015 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Eastern by 2.5% during the 4th quarter. BlackRock Inc. now owns 265,442 shares of the industrial products company’s stock worth $6,942,000 after purchasing an additional 6,441 shares in the last quarter. Institutional investors and hedge funds own 65.01% of the company’s stock.

About Eastern

The Eastern Company designs, manufactures, and sells industrial hardware, security products, and metal products in the United States and internationally. The company's Industrial Hardware segment offers passenger restraint and vehicular locks, latches, hinges, mirrors, mirror-cameras, light-weight sleeper boxes, and truck bodies for tractor-trailer trucks, specialty commercial vehicles, recreational vehicles, fire and rescue vehicles, school buses, military vehicles, and other vehicles.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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