De Lisle Partners LLP Has $1.32 Million Stock Position in The Eastern Company (NASDAQ:EML)

De Lisle Partners LLP lifted its holdings in The Eastern Company (NASDAQ:EML) by 15.9% in the 3rd quarter, Holdings Channel reports. The firm owned 40,922 shares of the industrial products company’s stock after buying an additional 5,600 shares during the quarter. De Lisle Partners LLP’s holdings in Eastern were worth $1,320,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Eastern by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 386,281 shares of the industrial products company’s stock valued at $9,838,000 after buying an additional 8,835 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Eastern by 37.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,259 shares of the industrial products company’s stock valued at $1,331,000 after acquiring an additional 14,373 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Eastern in the 3rd quarter worth approximately $1,667,000. Victory Capital Management Inc. acquired a new stake in shares of Eastern in the second quarter worth $1,190,000. Finally, Empowered Funds LLC boosted its holdings in shares of Eastern by 72.7% during the 3rd quarter. Empowered Funds LLC now owns 28,388 shares of the industrial products company’s stock worth $921,000 after buying an additional 11,952 shares during the period. 76.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Eastern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd.

Eastern Price Performance

Shares of NASDAQ:EML opened at $28.51 on Thursday. The company has a market cap of $176.19 million, a price-to-earnings ratio of -27.68 and a beta of 1.02. The business has a 50 day moving average price of $30.81 and a 200 day moving average price of $29.14. The company has a quick ratio of 1.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.37. The Eastern Company has a twelve month low of $18.00 and a twelve month high of $35.78.

Eastern Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. Eastern’s payout ratio is -42.72%.

Eastern Company Profile

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.