Pax World Management LLC raised its position in Estee Lauder Companies Inc (NYSE:EL) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,598 shares of the company’s stock after buying an additional 1 shares during the period. Pax World Management LLC’s holdings in Estee Lauder Companies were worth $17,602,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of EL. Elgethun Capital Management acquired a new stake in Estee Lauder Companies during the fourth quarter worth $112,000. SRS Capital Advisors Inc. acquired a new stake in Estee Lauder Companies during the fourth quarter worth $142,000. Norway Savings Bank acquired a new stake in Estee Lauder Companies during the first quarter worth $170,000. Advisory Services Network LLC acquired a new stake in Estee Lauder Companies during the first quarter worth $174,000. Finally, Israel Discount Bank of New York GFN acquired a new stake in Estee Lauder Companies during the fourth quarter worth $184,000. 55.53% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.18. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. Estee Lauder Companies’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, May 26th. This represents a $1.36 dividend on an annualized basis and a yield of 1.49%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 46.90%.
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EL has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 target price on shares of Estee Lauder Companies in a research note on Thursday, January 19th. Vetr raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 target price for the company in a research note on Thursday, March 2nd. Goldman Sachs Group Inc raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $85.00 to $103.00 in a research note on Tuesday, April 4th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Estee Lauder Companies in a research note on Saturday, April 22nd. Finally, Deutsche Bank AG lowered their target price on shares of Estee Lauder Companies from $102.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Estee Lauder Companies has an average rating of “Hold” and an average price target of $96.75.
In other Estee Lauder Companies news, Director G. Scott Paterson purchased 500,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of $0.07 per share, for a total transaction of $35,000.00. Also, insider John Demsey sold 23,304 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $94.00, for a total transaction of $2,190,576.00. Following the sale, the insider now owns 23,304 shares of the company’s stock, valued at approximately $2,190,576. The disclosure for this sale can be found here. Insiders have sold a total of 60,981 shares of company stock valued at $5,524,621 in the last 90 days. 16.98% of the stock is currently owned by company insiders.
About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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