James A. Mitarotonda, who serves on the board of Eastern Co and is a ten percent owner, completed a purchase of 1,717 common shares of the company on March 16, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were acquired at $20.93 each, bringing the transaction total to $35,936.
Following the trade, Mitarotonda now directly holds 44,511 common shares. The filing also shows he maintains a sizable indirect position: 642,342 shares are owned through Barington Companies Equity Partners, L.P.
The insider purchase occurred while Eastern Co, which has an approximate market capitalization of $124 million, is trading below InvestingPro's Fair Value estimate. The company appears on InvestingPro’s list of most undervalued stocks based on that assessment. InvestingPro data cited in the filing also notes Eastern Co has paid dividends for 56 consecutive years and currently yields 2.14%.
For investors seeking additional context, a Pro Research Report covering Eastern Co is available on InvestingPro, alongside reports for more than 1,400 other U.S. equities.
These ownership updates arrive against the backdrop of the company’s fourth-quarter 2025 financial results, which missed analysts’ expectations. Eastern Co reported earnings per share of $0.31, below the $0.36 analysts had forecast, reflecting a 13.89% negative surprise. Revenue for the quarter was $57.5 million, trailing the expected $68.68 million and reflecting a 16.28% shortfall.
The earnings announcement was followed by a modest decline in Eastern Co’s stock price. The combination of a below-expectations quarter and the subsequent share-price movement has drawn attention from investors, and analysts will likely continue to monitor the company’s performance closely in the coming quarters.
Transaction details
- Insider: James A. Mitarotonda, Director and ten percent owner
- Date: March 16, 2026
- Securities: 1,717 common shares
- Price: $20.93 per share
- Transaction total: $35,936
- Direct ownership after transaction: 44,511 shares
- Indirect ownership via Barington Companies Equity Partners, L.P.: 642,342 shares
Note: The information above is drawn from the Form 4 filing and InvestingPro data cited in that filing.