Estee Lauder Companies Inc (EL) Holdings Boosted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 830,648 shares of the company’s stock after purchasing an additional 2,123 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.23% of Estee Lauder Companies worth $120,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Atria Investments LLC increased its position in Estee Lauder Companies by 11.5% during the second quarter. Atria Investments LLC now owns 7,395 shares of the company’s stock worth $1,055,000 after acquiring an additional 760 shares during the period. Bank of Montreal Can grew its stake in Estee Lauder Companies by 16.1% during the second quarter. Bank of Montreal Can now owns 482,389 shares of the company’s stock worth $68,833,000 after buying an additional 66,818 shares in the last quarter. Concorde Asset Management LLC acquired a new stake in Estee Lauder Companies during the second quarter worth about $211,000. Hills Bank & Trust Co. grew its stake in Estee Lauder Companies by 20.2% during the second quarter. Hills Bank & Trust Co. now owns 3,445 shares of the company’s stock worth $491,000 after buying an additional 580 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Estee Lauder Companies by 264.6% during the second quarter. Assenagon Asset Management S.A. now owns 26,192 shares of the company’s stock worth $3,737,000 after buying an additional 19,008 shares in the last quarter. Institutional investors own 55.76% of the company’s stock.

EL opened at $144.84 on Thursday. Estee Lauder Companies Inc has a 1-year low of $121.93 and a 1-year high of $158.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.28 and a current ratio of 1.75. The company has a market capitalization of $51.20 billion, a PE ratio of 32.12, a P/E/G ratio of 2.45 and a beta of 0.66.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.19. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the company posted $1.21 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that Estee Lauder Companies Inc will post 4.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, November 29th. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a yield of 1.19%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 33.70%.

In related news, EVP Carl P. Haney sold 12,898 shares of Estee Lauder Companies stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $141.38, for a total transaction of $1,823,519.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jane Lauder sold 36,334 shares of Estee Lauder Companies stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total transaction of $4,840,778.82. Following the sale, the director now owns 45,037 shares in the company, valued at $6,000,279.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,126 shares of company stock worth $23,858,442. 16.13% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a research note on Monday, October 1st. UBS Group assumed coverage on shares of Estee Lauder Companies in a research note on Thursday, July 19th. They set a “neutral” rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. set a $154.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Tuesday, August 21st. DA Davidson upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $134.00 to $167.00 in a research note on Tuesday, August 21st. Finally, Piper Jaffray Companies set a $156.00 price objective on shares of Estee Lauder Companies and gave the stock an “overweight” rating in a research note on Tuesday, August 21st. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $146.77.

TRADEMARK VIOLATION NOTICE: This article was first reported by WKRB News and is owned by of WKRB News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.wkrb13.com/2018/11/15/estee-lauder-companies-inc-el-holdings-boosted-by-sumitomo-mitsui-trust-holdings-inc.html.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

See Also: Fiduciary

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply