James Mitarotonda Purchases Shares of The Eastern Company
James Mitarotonda acquired 1,679 shares of The Eastern Company, reflecting continued insider interest.
Key Points
- James Mitarotonda bought 1,679 shares of The Eastern Company (EML) on June 16, 2026, for roughly $35,930.60.
- The Eastern Company, trading at $21.88, has a market cap of about $132 million and a P/E ratio of 28.05.
- Peers like Barington Companies Management, LLC and Minerva Advisors LLC increased their stakes in The Eastern Company.
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On June 16, 2026, James Mitarotonda purchased 1,679 shares of The Eastern Company (NasdaqGM:EML) at an average price of $21.40 each, totaling approximately $35,930.60. This transaction was not made under a pre-planned trading program, indicating Mitarotonda's direct involvement in the decision.
Insider Buying and Selling at The Eastern Company
James Mitarotonda wasn't the only insider showing interest in The Eastern Company. On the same day, Peggy Scott bought 1,176 shares at $21.40 each, and Chan Galbato purchased 940 shares at the same price. Earlier in June, Frederick DiSanto acquired shares on multiple occasions, with purchases on June 5, 11, and 12 at prices ranging from $20.96 to $21.50.
Other Institutional Activity in The Eastern Company
Several institutional investors have also been active in The Eastern Company. Barington Companies Management, LLC increased its holdings by 9,409 shares, reaching a total of 644,342 shares valued at approximately $13.04 million. Minerva Advisors LLC added 17,318 shares, pushing its total to 546,402 shares worth about $11.06 million. Meanwhile, GAMCO Investors, Inc. reduced its stake by 3,440 shares, ending with 512,105 shares valued at $10.37 million. Dimensional Fund Advisors LP and BlackRock, Inc. also trimmed their positions, while Russell Investments Group, Ltd. slightly increased its holdings.
The Eastern Company Stock Down 16.7%
Shares of The Eastern Company are currently trading around $21.88. The company has a market capitalization of approximately $132 million and a P/E ratio of 28.05. Its beta stands at 0.868, indicating lower volatility compared to the market. The stock's 52-week range is between $17.61 and $26.77, with a 50-day moving average of $21.63 and a 200-day moving average of $20.74. The company's current ratio is 3.52, and its quick ratio is 1.42, reflecting solid liquidity. The debt-to-equity ratio is 42.93.
Recent Earnings
The Eastern Company reported revenues of $245.33 million, though it experienced a slight revenue decline of 5.7%. The company achieved a net margin of 2.38% and a return on equity of 3.83%. The next earnings report is scheduled for August 11, 2026.
Dividend
The Eastern Company pays an annual dividend of $0.44 per share, resulting in a yield of 2.01%. The dividend payout ratio stands at 56.41%, indicating a sustainable dividend policy.
About The Eastern Company
The Eastern Company, based in Shelton, Connecticut, designs and manufactures engineered solutions for various industrial markets in North America. Founded in 1858, it provides a range of products including packaging solutions, blow mold tooling, and latches used in vehicles and consumer goods. The company also offers vision technology and aftermarket components for trucks and buses. Led by CEO Ryan A. Schroeder, The Eastern Company employs 1,231 people.
Bottom Line
James Mitarotonda's recent purchase of shares in The Eastern Company highlights ongoing insider interest in the company's potential. The Eastern Company, with its solid market presence and diverse product offerings, remains a key player in the industrial sector. Investors often track such insider transactions to gauge confidence in the company's prospects. As always, it's important to remember that insider buys can be influenced by various factors and do not necessarily indicate future performance.
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