Eastern Director Buys 2,000 Shares

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Eastern Company (NASDAQ:EML) Director James Mitarotonda acquired 2,000 shares of the industrial products company's stock on March 18th, 2026. The purchase, valued at $40,220, increased Mitarotonda's stake in Eastern to 644,342 shares, representing a 0.31% increase in his position.

Why it matters

Insider buying is often seen as a positive signal, as it suggests the director believes the company's stock is undervalued and has confidence in its future performance. Eastern is a diversified industrial manufacturer focused on secure hardware and metal finishing services, operating in the Industrial Hardware Products and Security Products segments.

The details

Mitarotonda purchased the 2,000 shares at an average price of $20.11 per share. Following the transaction, he now owns 644,342 shares of Eastern, valued at approximately $12.96 million. The company's stock opened at $20.33 on the day of the purchase.

• The shares were purchased on Wednesday, March 18th, 2026.