Nippon Life Global Investors Americas Inc. decreased its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,560 shares of the company’s stock after selling 8,960 shares during the period. Estee Lauder Companies comprises approximately 1.2% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 27th largest position. Nippon Life Global Investors Americas Inc.’s holdings in Estee Lauder Companies were worth $13,865,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Jennison Associates LLC acquired a new position in shares of Estee Lauder Companies during the third quarter worth $664,432,000. Janus Henderson Group PLC grew its stake in shares of Estee Lauder Companies by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after purchasing an additional 4,431,247 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Estee Lauder Companies during the second quarter worth $186,061,000. Northern Trust Corp grew its stake in shares of Estee Lauder Companies by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after purchasing an additional 1,086,562 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Estee Lauder Companies by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after purchasing an additional 1,022,956 shares in the last quarter. Institutional investors and hedge funds own 53.87% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at $124.77 on Monday. Estee Lauder Companies, Inc. has a 1-year low of $75.68 and a 1-year high of $126.99. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. The company has a market cap of $45,944.80, a PE ratio of 32.41, a PEG ratio of 2.41 and a beta of 0.71.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. sell-side analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies’s payout ratio is 41.08%.

In other news, CFO Tracey Thomas Travis sold 5,469 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $122.00, for a total transaction of $667,218.00. Following the transaction, the chief financial officer now directly owns 37,083 shares in the company, valued at $4,524,126. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Carl P. Haney sold 9,139 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $108.00, for a total transaction of $987,012.00. Following the transaction, the executive vice president now owns 13,324 shares in the company, valued at $1,438,992. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,565,147 shares of company stock worth $194,485,640. Company insiders own 16.24% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reissued a “buy” rating and issued a $112.00 price target on shares of Estee Lauder Companies in a research report on Friday, August 11th. Stifel Nicolaus set a $108.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Friday, August 18th. Piper Jaffray Companies set a $95.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Jefferies Group reissued a “buy” rating and issued a $112.00 price target (up from $110.00) on shares of Estee Lauder Companies in a research report on Monday, August 21st. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $118.14.

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About Estee Lauder Companies

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.

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

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