Bahl & Gaynor Inc. decreased its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 375,858 shares of the company’s stock after selling 4,199 shares during the period. Bahl & Gaynor Inc. owned approximately 0.10% of Estee Lauder Companies, Inc. (The) worth $28,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EL. First Trust Advisors LP grew its position in Estee Lauder Companies, Inc. (The) by 26.4% in the 1st quarter. First Trust Advisors LP now owns 116,862 shares of the company’s stock worth $9,909,000 after purchasing an additional 24,377 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Estee Lauder Companies, Inc. (The) in the 1st quarter worth about $252,000. Swiss National Bank grew its position in Estee Lauder Companies, Inc. (The) by 28.0% in the 1st quarter. Swiss National Bank now owns 787,596 shares of the company’s stock worth $66,780,000 after purchasing an additional 172,200 shares during the last quarter. World Asset Management Inc grew its position in Estee Lauder Companies, Inc. (The) by 18.9% in the 1st quarter. World Asset Management Inc now owns 24,523 shares of the company’s stock worth $2,079,000 after purchasing an additional 3,901 shares during the last quarter. Finally, BARING ASSET MANAGEMENT Ltd bought a new position in Estee Lauder Companies, Inc. (The) in the 1st quarter worth about $1,032,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (EL) traded up 0.04% during midday trading on Thursday, hitting $109.70. 355,874 shares of the company traded hands. The stock’s 50-day moving average is $103.28 and its 200 day moving average is $93.85. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $109.84. The stock has a market capitalization of $40.36 billion, a P/E ratio of 32.75 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings results on Friday, August 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the company earned $0.43 EPS. Estee Lauder Companies, Inc. (The)’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Estee Lauder Companies, Inc. will post $3.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is 40.60%.

Several research analysts have commented on EL shares. Royal Bank Of Canada restated a “buy” rating and issued a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, May 31st. Jefferies Group LLC upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Friday, June 2nd. Stifel Nicolaus decreased their price objective on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Tuesday, July 4th. Finally, Bank of America Corporation increased their price objective on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the company a “buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Estee Lauder Companies, Inc. (The) presently has a consensus rating of “Buy” and an average target price of $108.75.

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In other news, Director Barry S. Sternlicht sold 10,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the completion of the sale, the director now owns 40,982 shares in the company, valued at approximately $4,356,386.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Fabrizio Freda sold 15,880 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $95.08, for a total transaction of $1,509,870.40. Following the transaction, the insider now directly owns 74,188 shares in the company, valued at approximately $7,053,795.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 568,791 shares of company stock valued at $60,070,365. 16.98% of the stock is owned by corporate insiders.

Estee Lauder Companies, Inc. (The) Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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