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Eastern Co: Director DiSanto Frederick D. buys 296 shares at $22.49-$22.5/share.
ByAinvest
Monday, Aug 11, 2025 6:25 pm ET1min read
Eastern Co. [EML] announces that Director DiSanto Frederick D. has made two recent transactions in the company's stock. On August 8, 2025, he purchased 96 shares at a price of $22.49 per share. Additionally, on August 11, 2025, he purchased 200 shares at a price of $22.50 per share.
Eastern Co. [EML], an industrial products company, has seen recent insider trading activity involving Director Frederick D. DiSanto. According to a recent SEC filing, DiSanto made two significant purchases of Eastern's stock. On August 8, 2025, he bought 96 shares at a price of $22.49 per share, and on August 11, 2025, he acquired an additional 200 shares at $22.50 per share [2].These transactions reflect DiSanto's confidence in Eastern's future prospects. His purchases come at a time when Eastern reported earnings of $0.57 per share for the quarter, which exceeded the consensus estimate by $0.03 [1]. The company also declared a quarterly dividend of $0.11 per share, payable on September 15, 2025, to stockholders of record on August 15, 2025 [1].
DiSanto's actions are notable as they follow a pattern of insider buying. In the last quarter, insiders collectively acquired 8,447 shares of Eastern stock, worth $193,379. This represents a 17.00% ownership by insiders [1]. Additionally, several institutional investors have recently increased their stakes in Eastern, including Geode Capital Management LLC, Strs Ohio, Empowered Funds LLC, and Goldman Sachs Group Inc. [1].
These developments suggest a positive outlook for Eastern, with insiders and institutional investors showing confidence in the company's future performance. However, investors should consider these transactions in the context of Eastern's overall financial health and the broader market conditions.
References:
[1] https://www.marketbeat.com/instant-alerts/eastern-nasdaqeml-issues-earnings-results-2025-08-05/
[2] https://www.stocktitan.net/sec-filings/EML/form-4-eastern-company-insider-trading-activity-d137287dc9ac.html
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