2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. grew its position in The Eastern Company ( NASDAQ:EML – Free Report ) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC.
The fund owned 256,278 shares of the industrial products company’s stock after buying an additional 9,524 shares during the period. Russell Investments Group Ltd.’s holdings in Eastern were worth $6,802,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in EML. Geode Capital Management LLC raised its holdings in shares of Eastern by 0.9% during the fourth quarter.
Geode Capital Management LLC now owns 128,232 shares of the industrial products company’s stock valued at $3,404,000 after purchasing an additional 1,124 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Eastern by 165.
2% during the 4th quarter. JPMorgan Chase & Co. now owns 19,221 shares of the industrial products company’s stock valued at $510,000 after buying an additional 11,974 shares during the period.
Segall Bryant & Hamill LLC boosted its stake in shares of Eastern by 7.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 55,395 shares of the industrial products company’s stock worth $1,470,000 after buying an additional 4,030 shares during the last quarter.
American Century Companies Inc. increased its position in Eastern by 4.2% during the fourth quarter.
American Century Companies Inc. now owns 23,491 shares of the industrial products company’s stock valued at $623,000 after acquiring an additional 955 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd.
lifted its holdings in Eastern by 19.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 16,099 shares of the industrial products company’s stock valued at $427,000 after acquiring an additional 2,577 shares during the period. 76.99% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Separately, StockNews.com cut shares of Eastern from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Eastern Price Performance NASDAQ EML opened at $22.
65 on Monday. The business’s fifty day moving average is $26.40 and its 200 day moving average is $28.
17. The Eastern Company has a fifty-two week low of $21.01 and a fifty-two week high of $35.
03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.
42 and a current ratio of 2.64. The company has a market capitalization of $138.
75 million, a PE ratio of -21.99 and a beta of 0.89.
Eastern ( NASDAQ:EML – Get Free Report ) last posted its quarterly earnings data on Tuesday, March 11th. The industrial products company reported $0.42 earnings per share for the quarter.
The firm had revenue of $66.70 million for the quarter. Eastern had a positive return on equity of 10.
44% and a negative net margin of 2.26%. Eastern Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th.
Stockholders of record on Friday, February 14th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th.
This represents a $0.44 annualized dividend and a dividend yield of 1.94%.
Eastern’s payout ratio is -33.08%. Eastern 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 ).
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