Eastern Company (The) (NASDAQ:EML) VP John L. Sullivan III purchased 1,400 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $25.77 per share, with a total value of $36,078.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Eastern Company (EML) traded up $0.10 during mid-day trading on Friday, reaching $26.15. The company’s stock had a trading volume of 14,400 shares, compared to its average volume of 9,830. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.75 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 has a market capitalization of $163.74, a price-to-earnings ratio of 17.43 and a beta of 0.33.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 1.68%. The ex-dividend date of this dividend is Tuesday, November 14th. Eastern Company (The)’s dividend payout ratio (DPR) is currently 35.48%.

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Hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in Eastern Company (The) during the second quarter worth about $147,000. The Manufacturers Life Insurance Company bought a new stake in Eastern Company (The) during the second quarter worth about $159,000. SG Americas Securities LLC bought a new stake in Eastern Company (The) during the third quarter worth about $155,000. New York State Common Retirement Fund bought a new stake in Eastern Company (The) during the second quarter worth about $180,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Eastern Company (The) during the second quarter worth about $277,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Eastern Company (The) Company Profile

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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