Prudential Financial Inc. lessened its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317,460 shares of the company’s stock after selling 6,140 shares during the period. Prudential Financial Inc. owned about 0.09% of Estee Lauder Companies, Inc. (The) worth $34,235,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of Estee Lauder Companies, Inc. (The) by 1,676.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after purchasing an additional 4,431,247 shares during the period. First Eagle Investment Management LLC acquired a new stake in Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at approximately $186,061,000. Northern Trust Corp boosted its stake in Estee Lauder Companies, Inc. (The) by 41.1% during the 2nd quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after purchasing an additional 1,086,562 shares in the last quarter. BlackRock Inc. boosted its stake in Estee Lauder Companies, Inc. (The) by 7.4% during the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after purchasing an additional 1,022,956 shares in the last quarter. Finally, Fred Alger Management Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at $94,952,000. 56.26% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on EL. Royal Bank Of Canada reissued an “outperform” rating and set a $135.00 price objective (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, November 3rd. Morgan Stanley increased their price objective on Estee Lauder Companies, Inc. (The) from $122.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Argus raised their target price on Estee Lauder Companies, Inc. (The) from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Citigroup Inc. lifted their price objective on Estee Lauder Companies, Inc. (The) from $111.00 to $128.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, KeyCorp reiterated an “overweight” rating and issued a $135.00 price objective (up from $115.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $117.42.

Estee Lauder Companies, Inc. (NYSE EL) opened at $126.32 on Tuesday. The firm has a market cap of $45,885.89, a PE ratio of 32.37, a P/E/G ratio of 2.41 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a twelve month low of $75.30 and a twelve month high of $126.99.

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

The business also recently declared 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 represents a $1.52 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s payout ratio is currently 36.76%.

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In other Estee Lauder Companies, Inc. (The) news, EVP Carl P. Haney sold 6,941 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $123.19, for a total transaction of $855,061.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cedric Prouve sold 100,927 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $123.01, for a total transaction of $12,415,030.27. Following the sale, the insider now directly owns 227,119 shares of the company’s stock, valued at approximately $27,937,908.19. The disclosure for this sale can be found here. In the last three months, insiders sold 798,654 shares of company stock valued at $88,467,343. Corporate insiders own 16.24% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

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.

Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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