10,405 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by Scientech Research LLC

Scientech Research LLC bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,405 shares of the company’s stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies during the 1st quarter worth $26,000. Hexagon Capital Partners LLC boosted its holdings in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies in the second quarter valued at about $30,000. PARK CIRCLE Co acquired a new stake in shares of Estée Lauder Companies in the second quarter valued at about $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the first quarter worth about $35,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EL. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Evercore ISI decreased their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Bank of America downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $100.00 in a report on Friday, August 16th. Stifel Nicolaus reduced their target price on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group decreased their target price on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Fourteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $120.27.

Insiders Place Their Bets

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’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 transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now 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 SEC, which is available at the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business’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 transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Down 0.9 %

Shares of EL opened at $99.83 on Friday. The business’s fifty day moving average price is $92.36 and its two-hundred day moving average price is $116.25. The firm has a market capitalization of $35.80 billion, a price-to-earnings ratio of 56.08, a PEG ratio of 1.46 and a beta of 1.00. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

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 net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

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

Estée Lauder Companies Company Profile

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.