Teachers Retirement System of The State of Kentucky cut its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 12.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,353 shares of the company’s stock after selling 16,818 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Estee Lauder Companies were worth $12,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Robecosam AG raised its position in Estee Lauder Companies by 46.0% during the 3rd quarter. Robecosam AG now owns 67,194 shares of the company’s stock valued at $7,146,000 after purchasing an additional 21,182 shares during the last quarter. Peregrine Asset Advisers Inc. bought a new position in Estee Lauder Companies during the 3rd quarter valued at approximately $4,911,000. LMR Partners LLP bought a new position in Estee Lauder Companies during the 3rd quarter valued at approximately $328,000. Gratus Capital LLC bought a new position in Estee Lauder Companies during the 3rd quarter valued at approximately $232,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Estee Lauder Companies by 45.7% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 3,118 shares of the company’s stock valued at $336,000 after purchasing an additional 978 shares during the last quarter. Institutional investors own 54.28% of the company’s stock.

Several research analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $110.00 target price (up previously from $100.00) on shares of Estee Lauder Companies in a research report on Thursday, August 10th. DA Davidson reissued a “hold” rating and issued a $125.00 target price on shares of Estee Lauder Companies in a research report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets increased their target price on Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. BidaskClub raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada set a $115.00 target price on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Monday, August 21st. Seven analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $117.42.

In other Estee Lauder Companies news, Director Paul J. Fribourg sold 32,640 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $106.18, for a total transaction of $3,465,715.20. Following the sale, the director now directly owns 15,216 shares in the company, valued at approximately $1,615,634.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Fabrizio Freda sold 13,371 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $105.64, for a total value of $1,412,512.44. Following the sale, the insider now owns 83,845 shares in the company, valued at $8,857,385.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,663,622 shares of company stock worth $204,995,360. Company insiders own 16.24% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (EL) opened at $126.19 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The firm has a market capitalization of $46,467.70, a P/E ratio of 32.78, a P/E/G ratio of 2.44 and a beta of 0.68. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $126.99.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.20%. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 36.76%.

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About Estee Lauder Companies

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 (NYSE:EL)

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