5 Stocks to Buy According to James Mitarotonda’s Barington Capital

2. The Eastern Company (NASDAQ:EML)

Mitarotonda’s Stake Value: $17,705,000

Percentage of Mitarotonda’s 13F Portfolio: 16.51%

Number of Hedge Fund Holders: 7

The second stock on our list of the top 5 stocks to buy according to James Mitarotonda’s Barington Capital is The Eastern Company (NASDAQ:EML), which is a Connecticut-based company focusing on three core segments: industrial hardware, metal products, and security products. The company owns four major subsidiaries in Canada, Mexico, Taiwan, and Hong Kong. 

The industrial hardware includes locks, latches, hinges, sleeper boxes, and other types of hardware used in various markets. The metal products include expansion support anchors, couplers for braking systems, construction clamps, and electronic fittings. Lastly,  The Eastern Company (NASDAQ:EML) also provides security products like electronic and mechanical locks for electronic equipment in consumer markets and the gaming industry. 

Mitarotonda’s Barington Capital owns 583,748 shares in  The Eastern Company (NASDAQ:EML), worth $17.7 million, making up 16.51% of Mitarotonda’s 13F portfolio. 

At the end of June, 7 hedge funds tracked by Insider Monkey held stakes in The Eastern Company (NASDAQ:EML) amounting to $53.4 million. The largest stakeholder in the company is Barington Capital, followed closely by Mario Gabelli’s GAMCO Investors, who own shares in  The Eastern Company (NASDAQ:EML) valued at $15.86 million.