Janus Henderson Group PLC lifted its stake in Estee Lauder Companies Inc (NYSE:EL) by 15.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,143,117 shares of the company’s stock after purchasing an additional 701,827 shares during the quarter. Janus Henderson Group PLC owned about 1.40% of Estee Lauder Companies worth $747,400,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Estee Lauder Companies by 0.9% in the 2nd quarter. BlackRock Inc. now owns 16,282,787 shares of the company’s stock valued at $2,323,392,000 after purchasing an additional 150,268 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Estee Lauder Companies by 112.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after buying an additional 3,716,962 shares during the period. Fundsmith Equity Fund L.P. acquired a new position in Estee Lauder Companies in the 2nd quarter worth approximately $701,543,000. Northern Trust Corp increased its holdings in Estee Lauder Companies by 1.7% in the 2nd quarter. Northern Trust Corp now owns 3,801,166 shares of the company’s stock worth $542,387,000 after buying an additional 62,690 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Estee Lauder Companies by 15.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,172,974 shares of the company’s stock worth $452,750,000 after buying an additional 418,055 shares during the period. 57.29% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Fabrizio Freda sold 150,000 shares of Estee Lauder Companies stock in a transaction on Friday, November 16th. The shares were sold at an average price of $144.25, for a total value of $21,637,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tracey Thomas Travis sold 7,406 shares of Estee Lauder Companies stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $142.19, for a total transaction of $1,053,059.14. Following the completion of the sale, the chief financial officer now directly owns 32,764 shares in the company, valued at approximately $4,658,713.16. The disclosure for this sale can be found here. Insiders sold a total of 326,907 shares of company stock worth $46,189,283 in the last three months. 16.13% of the stock is owned by corporate insiders.

Several equities analysts recently weighed in on the stock. Zacks Investment Research reiterated a “buy” rating and issued a $159.00 price target on shares of Estee Lauder Companies in a report on Tuesday, November 13th. Credit Suisse Group increased their price target on shares of Estee Lauder Companies from $156.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Raymond James increased their price target on shares of Estee Lauder Companies from $151.00 to $154.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Citigroup cut their price target on shares of Estee Lauder Companies to $149.00 and set a “neutral” rating on the stock in a report on Tuesday, October 23rd. Finally, Piper Jaffray Companies set a $152.00 price target on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, October 22nd. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $146.77.

Shares of NYSE EL opened at $144.02 on Monday. The company has a market cap of $52.26 billion, a PE ratio of 31.93, a PEG ratio of 2.50 and a beta of 0.66. Estee Lauder Companies Inc has a 12 month low of $121.93 and a 12 month high of $158.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.28 and a current ratio of 1.75.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.19. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. As a group, analysts forecast that Estee Lauder Companies Inc will post 4.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.43 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.19%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 33.70%.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

Read More: Understanding each part of a balance sheet

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

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