Broadcom named strategic vendor for Walmart virtualization solutions
Director Frederick D. DiSanto of EASTERN CO (NYSE:EML) purchased 1,000 shares of the company’s common stock at a price of $22.99 on August 12, 2025, for a total transaction value of $22,990. The purchase comes as InvestingPro analysis shows the company trading slightly below its Fair Value, with strong fundamentals including a healthy current ratio of 2.67x and a P/E ratio of 13.4x.
Following the transaction, DiSanto directly owns 82,449 shares of EASTERN CO. In addition, he indirectly owns 43,797 shares through Ancora Catalyst and 11,970 shares through Ancora Merlin. DiSanto disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. Notably, InvestingPro data reveals the company has maintained dividend payments for 55 consecutive years, with a current yield of 1.9%. Get access to more exclusive insights and comprehensive insider trading analysis with an InvestingPro subscription.
In other recent news, Eastern Co reported its second-quarter earnings for fiscal year 2025, showing a significant miss on its earnings per share (EPS) forecast. The company announced an EPS of $0.33, which fell short of the expected $0.60, marking a 45% negative surprise. Revenue was slightly below expectations, coming in at $70.2 million compared to the anticipated $70.21 million. These earnings results reflect recent developments for Eastern Co. The discrepancy in EPS forecasts highlights challenges the company is facing in meeting market expectations. Despite the revenue being close to projections, the substantial miss on EPS might raise questions among investors. Such earnings results often lead to cautious investor sentiment.
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