Geode Capital Management LLC Acquires 892,631 Shares of The Estee Lauder Companies Inc. $EL

Geode Capital Management LLC lifted its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,912,792 shares of the company’s stock after purchasing an additional 892,631 shares during the quarter. Geode Capital Management LLC owned about 1.64% of Estee Lauder Companies worth $475,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Independent Franchise Partners LLP raised its stake in Estee Lauder Companies by 1.5% during the first quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company’s stock valued at $526,445,000 after buying an additional 118,276 shares during the last quarter. Invesco Ltd. grew its stake in shares of Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock worth $440,998,000 after acquiring an additional 1,200,537 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Estee Lauder Companies by 34.9% during the first quarter. American Century Companies Inc. now owns 4,511,115 shares of the company’s stock valued at $297,734,000 after acquiring an additional 1,167,508 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Estee Lauder Companies by 35.2% during the second quarter. Bank of New York Mellon Corp now owns 4,175,394 shares of the company’s stock valued at $337,372,000 after acquiring an additional 1,086,514 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Estee Lauder Companies by 3.4% in the 1st quarter. Northern Trust Corp now owns 2,445,947 shares of the company’s stock worth $161,433,000 after purchasing an additional 80,387 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estee Lauder Companies

In related news, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total value of $364,748.76. Following the transaction, the director owned 34,812 shares of the company’s stock, valued at approximately $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lande Rashida La sold 6,417 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,091 shares of company stock worth $1,293,631 in the last three months. 13.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EL has been the topic of several recent analyst reports. Telsey Advisory Group increased their price objective on shares of Estee Lauder Companies from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, October 31st. Wells Fargo & Company upped their target price on shares of Estee Lauder Companies from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Estee Lauder Companies from $93.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on Estee Lauder Companies from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Estee Lauder Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.65.

Estee Lauder Companies Trading Down 2.0%

Shares of EL stock opened at $88.13 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $104.53. The stock has a market capitalization of $31.76 billion, a P/E ratio of -28.07, a P/E/G ratio of 1.77 and a beta of 1.19. The firm’s 50 day moving average is $91.64 and its 200 day moving average is $83.70.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.38 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Research analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 28th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently -54.26%.

Estee 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.