Eastern - EML Stock Forecast, Price & News

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process 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; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industry. It also offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, as well as development and program management services for custom electromechanical and mechanical systems; designs and manufactures proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications; and provides aftermarket components to the heavy-duty truck market. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut.

Eastern Price Performance

Eastern stock opened at $22.49 on Monday. Eastern has a 12-month low of $19.00 and a 12-month high of $31.76. The stock has a market cap of $139.82 million, a P/E ratio of 8.33 and a beta of 0.88. The company has a 50-day moving average price of $20.82 and a 200 day moving average price of $22.36. The company has a current ratio of 2.97, a quick ratio of 1.48 and a debt-to-equity ratio of 0.58.

Eastern Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, August 12th. Eastern's payout ratio is currently 16.30%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Eastern in a research note on Tuesday, August 9th. They issued a "buy" rating on the stock.

Insider Buying and Selling

In other news, Director Frederick D. Disanto acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average cost of $20.92 per share, for a total transaction of $41,840.00. Following the completion of the transaction, the director now owns 23,725 shares in the company, valued at $496,327. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Frederick D. Disanto purchased 2,000 shares of the company's stock in a transaction on Friday, May 20th. The stock was acquired at an average cost of $20.92 per share, for a total transaction of $41,840.00. Following the completion of the transaction, the director now directly owns 23,725 shares in the company, valued at $496,327. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick D. Disanto purchased 1,800 shares of the company's stock in a transaction on Tuesday, May 24th. The shares were bought at an average price of $21.05 per share, with a total value of $37,890.00. Following the completion of the transaction, the director now owns 25,524 shares of the company's stock, valued at $537,280.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 6,421 shares of company stock worth $134,009. Insiders own 16.31% of the company's stock.