Long Road Investment Counsel LLC Acquires 400 Shares of Estee Lauder Companies Inc (EL)

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Long Road Investment Counsel LLC raised its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,500 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Estee Lauder Companies accounts for about 6.0% of Long Road Investment Counsel LLC’s portfolio, making the stock its 3rd largest position. Long Road Investment Counsel LLC’s holdings in Estee Lauder Companies were worth $9,850,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EL. Machina Capital S.A.S. purchased a new position in Estee Lauder Companies in the 4th quarter worth about $30,000. Trust Co. of Vermont increased its stake in Estee Lauder Companies by 112.1% in the 1st quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock worth $44,000 after buying an additional 139 shares during the period. Motco increased its stake in Estee Lauder Companies by 45.8% in the 1st quarter. Motco now owns 277 shares of the company’s stock worth $46,000 after buying an additional 87 shares during the period. Financial Gravity Wealth Inc. purchased a new position in Estee Lauder Companies in the 1st quarter worth about $50,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Estee Lauder Companies by 6,015.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after buying an additional 6,784,090 shares during the period. Institutional investors and hedge funds own 53.66% of the company’s stock.

In other news, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $166.21, for a total value of $465,388,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Lal Family Partners Lp sold 235,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $157.87, for a total transaction of $37,099,450.00. The disclosure for this sale can be found here. Insiders sold a total of 3,355,144 shares of company stock worth $555,645,054 over the last 90 days. Company insiders own 16.13% of the company’s stock.

EL has been the topic of several recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $153.00 price target on shares of Estee Lauder Companies in a research note on Wednesday, January 30th. ValuEngine raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $142.00 price target (up previously from $135.00) on shares of Estee Lauder Companies in a research note on Tuesday, February 5th. Telsey Advisory Group raised their price target on shares of Estee Lauder Companies from $170.00 to $179.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Berenberg Bank downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $170.82.

NYSE EL opened at $165.16 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. The stock has a market cap of $59.77 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.72. Estee Lauder Companies Inc has a one year low of $121.47 and a one year high of $180.20.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the business earned $1.17 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Estee Lauder Companies Inc will post 5.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.

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About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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