Norinchukin Bank The boosted its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,535 shares of the company’s stock after purchasing an additional 1,092 shares during the quarter. Norinchukin Bank The’s holdings in Estee Lauder Companies, Inc. (The) were worth $1,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Beacon Advisors Inc. purchased a new stake in Estee Lauder Companies, Inc. (The) in the 1st quarter valued at $100,000. Bronfman E.L. Rothschild L.P. grew its holdings in Estee Lauder Companies, Inc. (The) by 36.3% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock valued at $110,000 after buying an additional 346 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in Estee Lauder Companies, Inc. (The) in the 1st quarter valued at $110,000. First Interstate Bank purchased a new stake in Estee Lauder Companies, Inc. (The) in the 1st quarter valued at $114,000. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at $147,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on EL. Macquarie began coverage on Estee Lauder Companies, Inc. (The) in a report on Friday. They issued an “outperform” rating and a $124.00 target price for the company. Jefferies Group LLC upped their target price on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $117.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. Zacks Investment Research upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “strong-buy” rating and set a $122.00 target price for the company in a report on Tuesday, August 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $122.00 price target (up from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Estee Lauder Companies, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $109.39.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 109.69 on Friday. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $110.99. The firm has a 50-day moving average price of $104.20 and a 200-day moving average price of $94.26. The firm has a market cap of $40.36 billion, a price-to-earnings ratio of 32.74 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts predict that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

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

In other news, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $105.41, for a total value of $210,820.00. Following the completion of the sale, the director now owns 26,240 shares of the company’s stock, valued at $2,765,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Fabrizio Freda sold 15,880 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the sale, the insider now directly owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The disclosure for this sale can be found here. Insiders sold 568,791 shares of company stock valued at $60,070,365 in the last ninety days. Company insiders own 16.98% of the company’s stock.

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About Estee Lauder Companies, Inc. (The)

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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