Drive Wealth Management LLC Makes New Investment in The Estee Lauder Companies Inc. $EL

Drive Wealth Management LLC acquired a new stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,174 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock valued at $440,998,000 after acquiring an additional 1,200,537 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Estee Lauder Companies by 34.9% in the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company’s stock worth $297,734,000 after purchasing an additional 1,167,508 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Estee Lauder Companies by 1,600.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,224,695 shares of the company’s stock valued at $98,955,000 after purchasing an additional 1,152,669 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Estee Lauder Companies during the 1st quarter worth about $35,607,000. Finally, Price T Rowe Associates Inc. MD increased its position in Estee Lauder Companies by 133.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 781,341 shares of the company’s stock worth $51,570,000 after purchasing an additional 446,662 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $102.57 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The company’s fifty day moving average price is $90.16 and its two-hundred day moving average price is $78.50. The firm has a market capitalization of $36.91 billion, a P/E ratio of -32.67, a P/E/G ratio of 2.87 and a beta of 1.16. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $104.53.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.36 billion. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 2nd. Estee Lauder Companies’s dividend payout ratio is -44.59%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EL shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Canaccord Genuity Group lifted their target price on shares of Estee Lauder Companies from $62.00 to $85.00 and gave the company a “hold” rating in a report on Monday, August 18th. Hsbc Global Res raised shares of Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. HSBC raised Estee Lauder Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $99.00 in a research report on Friday, June 27th. Finally, Evercore ISI upped their target price on Estee Lauder Companies from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.30.

Insider Buying and Selling

In related news, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction on Friday, August 29th. The shares were sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the sale, the director owned 15,479 shares in the company, valued at approximately $1,418,650.35. The trade was a 19.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lande Rashida La sold 6,417 shares of the company’s stock in a transaction 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 can be found here. 13.05% of the stock is currently owned by company insiders.

Estee Lauder Companies Company 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.