B. Metzler seel. Sohn & Co. Holding AG Invests $1.99 Million in The Estée Lauder Companies Inc. (NYSE:EL)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,953 shares of the company’s stock, valued at approximately $1,989,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of Estée Lauder Companies during the second quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies during the 3rd quarter worth $31,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the 2nd quarter valued at about $32,000. Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies in the second quarter valued at about $32,000. Finally, Crewe Advisors LLC acquired a new stake in Estée Lauder Companies in the first quarter worth about $35,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. B. Riley cut their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Piper Sandler upped their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a research note on Thursday, October 31st. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the company from $105.00 to $80.00 in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $105.00 to $72.00 in a research note on Thursday, October 31st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $98.57.

Estée Lauder Companies Trading Up 2.3 %

Shares of Estée Lauder Companies stock opened at $66.85 on Friday. The firm has a 50-day simple moving average of $83.08 and a two-hundred day simple moving average of $98.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a market cap of $24.00 billion, a P/E ratio of 119.37, a price-to-earnings-growth ratio of 3.91 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is presently 471.43%.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the transaction, the director now directly owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Profile

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.