The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 43.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,366 shares of the company’s stock after acquiring an additional 29,202 shares during the quarter. Channing Capital Management LLC’s holdings in Estée Lauder Companies were worth $7,226,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after purchasing an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA increased its position in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares during the period. Van ECK Associates Corp increased its position in Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after buying an additional 954,493 shares during the period. Geode Capital Management LLC lifted its stake in Estée Lauder Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after buying an additional 70,307 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock valued at $222,807,000 after acquiring an additional 1,330,840 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 1.8 %

Shares of EL stock opened at $72.00 on Tuesday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The stock has a fifty day moving average price of $74.11 and a 200 day moving average price of $79.39. The stock has a market cap of $25.85 billion, a P/E ratio of -36.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. Estée Lauder Companies’s payout ratio is presently -71.79%.

Analysts Set New Price Targets

EL has been the topic of several recent research reports. CICC Research assumed coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Barclays decreased their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Morgan Stanley lowered their target price on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $86.00.

Insider Buying and Selling

In other news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

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