Patten Group Inc. lowered its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 80.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,226 shares of the company’s stock after selling 4,964 shares during the quarter. Patten Group Inc.’s holdings in Estee Lauder Companies were worth $662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EL. Acrospire Investment Management LLC boosted its position in shares of Estee Lauder Companies by 2,291.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after purchasing an additional 1,100 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Estee Lauder Companies by 126.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after purchasing an additional 633 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Estee Lauder Companies by 16,290.0% during the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after purchasing an additional 1,629 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Estee Lauder Companies by 4.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after purchasing an additional 86 shares in the last quarter. Finally, Lloyds Banking Group plc boosted its position in shares of Estee Lauder Companies by 1.4% during the 2nd quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock worth $181,000 after purchasing an additional 26 shares in the last quarter. 53.86% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on EL. Piper Jaffray Companies set a $95.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research report on Friday, August 18th. Argus raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Tuesday, August 22nd. Oppenheimer restated a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Estee Lauder Companies in a report on Wednesday, September 20th. Royal Bank of Canada set a $115.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Jefferies Group restated a “buy” rating and issued a $112.00 target price (up previously from $110.00) on shares of Estee Lauder Companies in a report on Monday, August 21st. Six analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $118.14.

In other news, EVP Alexandra C. Trower sold 25,446 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $120.39, for a total transaction of $3,063,443.94. Following the completion of the sale, the executive vice president now owns 7,732 shares in the company, valued at approximately $930,855.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $125.53, for a total transaction of $71,552,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,526,646 shares of company stock valued at $190,321,370. 16.24% of the stock is currently owned by company insiders.

Estee Lauder Companies, Inc. (NYSE:EL) traded down $0.16 during trading hours on Tuesday, reaching $125.47. 1,322,300 shares of the company’s stock traded hands, compared to its average volume of 1,923,069. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. The stock has a market cap of $46,261.49, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.43 and a beta of 0.71. Estee Lauder Companies, Inc. has a 52-week low of $75.83 and a 52-week high of $126.99.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. analysts expect that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current 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 paid a $0.38 dividend. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.21%. Estee Lauder Companies’s dividend payout ratio (DPR) is 41.08%.

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Estee Lauder Companies Company 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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