KLP Kapitalforvaltning AS Acquires 1,600 Shares of The Estee Lauder Companies Inc. $EL

KLP Kapitalforvaltning AS grew its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,950 shares of the company’s stock after purchasing an additional 1,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Estee Lauder Companies were worth $6,864,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Estee Lauder Companies by 9.3% during the second quarter. Signaturefd LLC now owns 1,815 shares of the company’s stock valued at $147,000 after acquiring an additional 154 shares in the last quarter. Horizon Investments LLC grew its stake in Estee Lauder Companies by 5.1% during the first quarter. Horizon Investments LLC now owns 3,351 shares of the company’s stock valued at $221,000 after acquiring an additional 164 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Estee Lauder Companies by 0.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company’s stock valued at $1,626,000 after acquiring an additional 171 shares in the last quarter. HB Wealth Management LLC grew its stake in Estee Lauder Companies by 5.6% during the second quarter. HB Wealth Management LLC now owns 3,416 shares of the company’s stock valued at $276,000 after acquiring an additional 180 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Estee Lauder Companies by 5.1% during the first quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company’s stock valued at $251,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity

In related news, VP Lande Rashida La sold 6,417 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Forester sold 3,702 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $91.65, for a total transaction of $339,288.30. Following the sale, the director directly owned 15,479 shares in the company, valued at $1,418,650.35. This trade represents a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Bank of America initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 10th. They issued a “buy” rating and a $110.00 price target for the company. Royal Bank Of Canada boosted their price target on shares of Estee Lauder Companies from $90.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on shares of Estee Lauder Companies from $99.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $99.00 price target on shares of Estee Lauder Companies in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $89.30.

Estee Lauder Companies Price Performance

Shares of Estee Lauder Companies stock opened at $87.77 on Friday. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $97.44. The stock has a market capitalization of $31.59 billion, a price-to-earnings ratio of -27.95, a price-to-earnings-growth ratio of 2.69 and a beta of 1.16. The company has a fifty day moving average of $89.40 and a 200-day moving average of $76.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.92 and a current ratio of 1.30.

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

Estee Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Estee Lauder Companies’s dividend payout ratio is -44.59%.

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.