Intech Investment Management LLC Invests $602,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Intech Investment Management LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,041 shares of the company’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies in the second quarter worth approximately $30,000. PARK CIRCLE Co acquired a new stake in Estée Lauder Companies during the 2nd quarter worth $32,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter worth $32,000. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies during the third quarter worth $31,000. Finally, Chilton Capital Management LLC raised its position in shares of Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg purchased 75,500 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Analysts Set New Price Targets

EL has been the topic of a number of recent research reports. Evercore ISI lowered 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. UBS Group dropped their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Bank of America cut their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, October 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Estée Lauder Companies in a research note on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.57.

Estée Lauder Companies Stock Down 2.0 %

Shares of EL opened at $72.12 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a market capitalization of $25.89 billion, a PE ratio of 128.79, a P/E/G ratio of 4.79 and a beta of 1.05. The company’s 50-day simple moving average is $81.43 and its 200-day simple moving average is $96.20. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Analysts forecast that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

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, and powders, as well as compacts, brushes, and other makeup tools.