Trust Co. of Toledo NA OH Buys New Shares in The Estée Lauder Companies Inc. (NYSE:EL)

Trust Co. of Toledo NA OH bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,184 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Estée Lauder Companies during the fourth quarter valued at approximately $26,000. Sunbelt Securities Inc. lifted its stake in Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Estée Lauder Companies during the fourth quarter valued at approximately $41,000. Northwest Financial Advisors acquired a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $44,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $50,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the sale, the insider now directly owns 5,578 shares of the company’s stock, valued at approximately $728,598.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jane Lauder sold 14,976 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The disclosure for this sale can be found here. In the last three months, insiders sold 42,255 shares of company stock valued at $5,453,232. Company insiders own 12.77% of the company’s stock.

Analysts Set New Price Targets

EL has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. JPMorgan Chase & Co. cut their price target on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.75.

Estée Lauder Companies Price Performance

NYSE EL opened at $110.79 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $130.72 and a 200 day simple moving average of $138.34. The company has a market cap of $39.72 billion, a P/E ratio of 62.24, a P/E/G ratio of 3.50 and a beta of 1.04. The Estée Lauder Companies Inc. has a 1 year low of $102.22 and a 1 year high of $201.56.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.