47,988 Shares in Eastern Company (The) $EML Acquired by De Lisle Partners LLP

De Lisle Partners LLP purchased a new stake in Eastern Company (The) (NASDAQ:EML) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 47,988 shares of the industrial products company’s stock, valued at approximately $1,336,000. De Lisle Partners LLP owned 0.80% of Eastern as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets raised its stake in shares of Eastern by 82.9% in the third quarter. BNP Paribas Financial Markets now owns 1,273 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 577 shares in the last quarter. First Trust Advisors LP grew its stake in Eastern by 3.5% during the 2nd quarter. First Trust Advisors LP now owns 18,455 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 617 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Eastern by 0.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 257,126 shares of the industrial products company’s stock worth $6,032,000 after purchasing an additional 775 shares in the last quarter. Barclays PLC grew its stake in Eastern by 10.9% during the 4th quarter. Barclays PLC now owns 9,002 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 886 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Eastern by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 139,480 shares of the industrial products company’s stock worth $2,747,000 after purchasing an additional 974 shares during the period. Institutional investors and hedge funds own 76.99% of the company’s stock.

Eastern Stock Performance

Shares of EML stock opened at $25.10 on Friday. The company has a market cap of $151.10 million, a P/E ratio of 18.73 and a beta of 0.84. The firm has a fifty day moving average price of $25.01 and a 200 day moving average price of $22.07. The company has a current ratio of 2.80, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. Eastern Company has a 12 month low of $17.61 and a 12 month high of $29.91.

Eastern (NASDAQ:EML) last posted its quarterly earnings results on Tuesday, August 11th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.52). The business had revenue of $61.82 million during the quarter, compared to analyst estimates of $73.69 million. Eastern had a net margin of 3.44% and a return on equity of 3.38%.

Eastern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, August 14th. This represents a $0.44 annualized dividend and a yield of 1.8%. Eastern’s payout ratio is presently 32.84%.

Analyst Ratings Changes

EML has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastern in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of Eastern from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Insider Buying and Selling

In related news, Director John Everets purchased 1,310 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $21.40 per share, for a total transaction of $28,034.00. Following the completion of the purchase, the director directly owned 142,504 shares of the company’s stock, valued at approximately $3,049,585.60. This trade represents a 0.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James A. Mitarotonda acquired 1,679 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $21.40 per share, for a total transaction of $35,930.60. Following the acquisition, the director owned 46,190 shares of the company’s stock, valued at $988,466. This represents a 3.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 13,264 shares of company stock worth $285,179 over the last 90 days. 18.40% of the stock is owned by insiders.

Eastern Profile

Eastern (NASDAQ:EML), based in West Haven, Connecticut, is a diversified industrial manufacturer specializing in secure hardware and metal finishing services. The company operates through two primary segments: Industrial Hardware Products and Security Products, complemented by a Metal Coatings division. Its Industrial Hardware Products segment produces cold-headed fasteners, forgings, hinges and precision components for heavy commercial vehicles, hydraulic cylinders and industrial machinery.

The Security Products segment designs and manufactures a wide range of lock and latch solutions, including padlocks, door hardware, cabinet locks and rental security towers for commercial and institutional applications.