Federated Hermes Inc. Has $1.89 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Federated Hermes Inc. increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1,324.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,738 shares of the company’s stock after purchasing an additional 16,493 shares during the quarter. Federated Hermes Inc.’s holdings in Estée Lauder Companies were worth $1,887,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in Estée Lauder Companies during the 1st quarter worth $26,000. Hexagon Capital Partners LLC increased its holdings in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC acquired a new position in Estée Lauder Companies in the first quarter valued at about $35,000. Chilton Capital Management LLC boosted its holdings in Estée Lauder Companies by 163.0% during the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Activity

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Piper Sandler raised shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $114.00 in a research note on Thursday, August 22nd. B. Riley initiated coverage on shares of Estée Lauder Companies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target for the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Evercore ISI decreased their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Finally, UBS Group dropped their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.27.

Estée Lauder Companies Stock Down 2.8 %

Shares of EL stock opened at $85.01 on Friday. The firm’s fifty day moving average price is $92.92 and its two-hundred day moving average price is $118.15. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75. The firm has a market capitalization of $30.48 billion, a P/E ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. Estée Lauder Companies’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

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.