The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 87.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,298 shares of the company’s stock after purchasing an additional 105,206 shares during the quarter. Estée Lauder Companies makes up about 4.3% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 11th largest holding. Manitou Investment Management Ltd. owned about 0.06% of Estée Lauder Companies worth $22,460,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Estée Lauder Companies in the first quarter worth $35,000. Chilton Capital Management LLC lifted its stake in Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the last quarter. Larson Financial Group LLC lifted its stake in Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares during the last quarter. Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the second quarter valued at $30,000. Finally, PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the second quarter valued at $32,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the topic of a number of recent research reports. Wells Fargo & Company cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $105.00 to $72.00 in a research note on Thursday. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Wednesday, October 16th. Evercore ISI cut their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler raised their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, B. Riley assumed coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price objective on the stock. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.95.

Estée Lauder Companies Trading Down 20.9 %

Shares of EL opened at $68.93 on Friday. The business’s 50-day moving average price is $90.63 and its 200 day moving average price is $106.91. The stock has a market capitalization of $24.73 billion, a P/E ratio of 63.82, a P/E/G ratio of 1.53 and a beta of 1.01. The Estée Lauder Companies Inc. has a 1-year low of $63.36 and a 1-year high of $159.75. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Analysts expect that The Estée Lauder Companies Inc. will post 2.95 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.03%. Estée Lauder Companies’s dividend payout ratio is 244.44%.

Insider Activity

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the 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 completion of the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by corporate insiders.

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, and powders, as well as compacts, brushes, and other makeup tools.