Harrell Investment Partners LLC Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Harrell Investment Partners LLC boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 9.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,761 shares of the company’s stock after acquiring an additional 575 shares during the quarter. Harrell Investment Partners LLC’s holdings in Estée Lauder Companies were worth $674,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC raised its holdings in Estée Lauder Companies by 150.5% in the fourth quarter. V Square Quantitative Management LLC now owns 3,397 shares of the company’s stock worth $497,000 after purchasing an additional 2,041 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $266,000. Integrated Advisors Network LLC lifted its position in Estée Lauder Companies by 7.2% during the fourth quarter. Integrated Advisors Network LLC now owns 2,019 shares of the company’s stock valued at $295,000 after acquiring an additional 135 shares during the last quarter. Wahed Invest LLC boosted its stake in Estée Lauder Companies by 7.2% in the fourth quarter. Wahed Invest LLC now owns 3,806 shares of the company’s stock valued at $557,000 after acquiring an additional 254 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Estée Lauder Companies by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 19,435,995 shares of the company’s stock worth $2,842,514,000 after purchasing an additional 809,370 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction 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 sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $1.60 during trading hours on Monday, reaching $94.50. The company had a trading volume of 604,300 shares, compared to its average volume of 3,190,747. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The Estée Lauder Companies Inc. has a 1-year low of $82.39 and a 1-year high of $159.75. The business’s 50 day moving average price is $91.69 and its 200-day moving average price is $112.21. The firm has a market cap of $33.88 billion, a PE ratio of 53.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share 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 during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.66 per share. The ex-dividend date was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 2.79%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 price objective on shares of Estée Lauder Companies in a research report on Monday, August 19th. Piper Sandler raised their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on Estée Lauder Companies from $105.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Finally, StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Fourteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $121.00.

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.