2 weeks Ago By ABMN Staff
Rhumbline Advisers acquired a new stake in The Eastern Company ( NASDAQ:EML – Free Report ) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 5,261 shares of the industrial products company’s stock, valued at approximately $134,000.
Several other institutional investors have also recently made changes to their positions in the business. Empowered Funds LLC grew its position in Eastern by 7.3% during the 1st quarter.
Empowered Funds LLC now owns 15,356 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 1,050 shares during the period. Bank of New York Mellon Corp grew its holdings in Eastern by 37.9% during the second quarter.
Bank of New York Mellon Corp now owns 52,259 shares of the industrial products company’s stock worth $1,331,000 after acquiring an additional 14,373 shares during the period. Finally, Ancora Advisors LLC raised its position in Eastern by 1.8% during the first quarter.
Ancora Advisors LLC now owns 69,047 shares of the industrial products company’s stock valued at $2,354,000 after acquiring an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.
Eastern Trading Down 0.1 % Shares of Eastern stock opened at $32.78 on Monday.
The Eastern Company has a fifty-two week low of $16.10 and a fifty-two week high of $35.78.
The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.35 and a current ratio of 2.
60. The company has a market cap of $204.35 million, a P/E ratio of 20.
75 and a beta of 1.02. The firm has a 50-day simple moving average of $29.
79 and a two-hundred day simple moving average of $29.29. Eastern Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, September 13th.
Investors of record on Thursday, August 15th were paid a $0.11 dividend. The ex-dividend date was Thursday, August 15th.
This represents a $0.44 dividend on an annualized basis and a yield of 1.34%.
Eastern’s dividend payout ratio is currently 27.85%. Wall Street Analysts Forecast Growth Separately, StockNews.
com raised shares of Eastern from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Get Our Latest Analysis on EML Eastern Company Profile ( Free Report ) The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes 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 for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries.
Recommended Stories Want to see what other hedge funds are holding EML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Eastern Company ( NASDAQ:EML – Free Report ). Receive News & Ratings for Eastern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eastern and related companies with MarketBeat.
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