Public Employees Retirement System of Ohio Makes New $11.56 Million Investment in The Estee Lauder Companies Inc. $EL

Public Employees Retirement System of Ohio bought a new stake in The Estee Lauder Companies Inc. (NYSE:EL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 146,397 shares of the company’s stock, valued at approximately $11,558,000.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in Estee Lauder Companies by 950.9% during the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after buying an additional 12,526,471 shares during the period. Schroder Investment Management Group lifted its stake in Estee Lauder Companies by 185.3% in the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after buying an additional 5,286,875 shares during the last quarter. J. Stern & Co. LLP boosted its holdings in shares of Estee Lauder Companies by 4,281.3% in the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock valued at $4,094,761,000 after acquiring an additional 4,001,300 shares during the period. Norges Bank acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at approximately $308,912,000. Finally, Wellington Management Group LLP grew its position in shares of Estee Lauder Companies by 3,986.4% during the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock worth $183,485,000 after acquiring an additional 2,031,262 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Down 0.0%

Shares of Estee Lauder Companies stock opened at $103.36 on Monday. The company has a market cap of $37.40 billion, a P/E ratio of 210.94, a PEG ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The firm has a fifty day moving average of $86.66 and a two-hundred day moving average of $86.37.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, analysts forecast that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.35 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 285.71%.

Insiders Place Their Bets

In other Estee Lauder Companies news, VP Lande Rashida La sold 5,564 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $99.55, for a total value of $553,896.20. Following the sale, the vice president owned 5,564 shares of the company’s stock, valued at approximately $553,896.20. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $111.00 target price on shares of Estee Lauder Companies in a report on Monday, August 17th. TD Cowen increased their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Piper Sandler lifted their price objective on shares of Estee Lauder Companies from $95.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. UBS Group upped their target price on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Finally, B. Riley Financial reiterated a “neutral” rating and set a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.67.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.