Argent Trust Co bought a new stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,207 shares of the company’s stock, valued at approximately $238,000.

Several other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its holdings in Estee Lauder Companies by 2,291.7% during the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Estee Lauder Companies by 126.1% during the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after buying an additional 633 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in Estee Lauder Companies during the second quarter worth about $147,000. Sun Life Financial INC boosted its holdings in Estee Lauder Companies by 16,290.0% during the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after buying an additional 1,629 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Estee Lauder Companies by 4.8% during the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after buying an additional 86 shares in the last quarter. 53.87% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on EL. Jefferies Group set a $140.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday. Piper Jaffray Companies set a $135.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. DA Davidson reaffirmed a “hold” rating and issued a $125.00 price target on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets upped their price target on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, Telsey Advisory Group upped their price target on shares of Estee Lauder Companies from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $118.14.

In other news, EVP Michael O’hare sold 2,619 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $108.56, for a total transaction of $284,318.64. Following the completion of the transaction, the executive vice president now directly owns 5,929 shares in the company, valued at approximately $643,652.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tracey Thomas Travis sold 5,469 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $122.00, for a total value of $667,218.00. Following the transaction, the chief financial officer now owns 37,083 shares of the company’s stock, valued at $4,524,126. The disclosure for this sale can be found here. Insiders have sold a total of 1,565,147 shares of company stock valued at $194,485,640 over the last three months. Company insiders own 16.24% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded up $0.57 during trading hours on Tuesday, hitting $125.34. 1,541,900 shares of the stock traded hands, compared to its average volume of 1,925,105. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. Estee Lauder Companies, Inc. has a 52 week low of $75.83 and a 52 week high of $126.99. The firm has a market cap of $45,944.80, a P/E ratio of 32.41, a PEG ratio of 2.41 and a beta of 0.71.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. equities research analysts predict that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.38 per share. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies’s payout ratio is currently 41.08%.

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Estee Lauder Companies Profile

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

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