Mesirow Financial Investment Management Inc. Purchases 1,817 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Mesirow Financial Investment Management Inc. lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,265 shares of the company’s stock after acquiring an additional 1,817 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Estée Lauder Companies were worth $8,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EL. Riverview Trust Co bought a new position in shares of Estée Lauder Companies during the 1st quarter worth $26,000. Hexagon Capital Partners LLC lifted its holdings in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter worth about $30,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies during the 2nd quarter worth about $32,000. Finally, Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter worth about $35,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

EL opened at $84.56 on Monday. The stock’s 50 day simple moving average is $94.60 and its 200 day simple moving average is $119.90. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The Estée Lauder Companies Inc. has a 1 year low of $82.39 and a 1 year high of $159.75. The firm has a market cap of $30.33 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.66 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.12%. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Insider Transactions at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EL. Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. JPMorgan Chase & Co. lowered their price target on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Raymond James cut Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, B. Riley assumed coverage on Estée Lauder Companies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $120.27.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.