Baird Financial Group Inc. Buys 6,309 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Baird Financial Group Inc. raised its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,316 shares of the company’s stock after acquiring an additional 6,309 shares during the period. Baird Financial Group Inc.’s holdings in The Estée Lauder Companies were worth $24,911,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in The Estée Lauder Companies during the 2nd quarter valued at $25,000. PNC Managed Account Solutions Inc. bought a new position in The Estée Lauder Companies during the 2nd quarter valued at $29,000. Eagle Bay Advisors LLC bought a new position in The Estée Lauder Companies during the 2nd quarter valued at $33,000. Massmutual Trust Co. FSB ADV lifted its stake in The Estée Lauder Companies by 515.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 123 shares of the company’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Red Door Wealth Management LLC bought a new position in The Estée Lauder Companies during the 2nd quarter valued at $47,000. Institutional investors and hedge funds own 56.00% of the company’s stock.

Shares of NYSE EL opened at $320.65 on Friday. The Estée Lauder Companies Inc. has a 52 week low of $208.86 and a 52 week high of $347.82. The business has a 50-day simple moving average of $329.82 and a two-hundred day simple moving average of $311.98. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.91. The company has a market cap of $115.85 billion, a P/E ratio of 41.16, a P/E/G ratio of 3.94 and a beta of 0.94.

The Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, August 18th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.50 by $0.28. The Estée Lauder Companies had a return on equity of 44.03% and a net margin of 17.70%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned ($0.53) EPS. The firm’s revenue was up 62.0% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 7.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, August 30th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.66%. The Estée Lauder Companies’s dividend payout ratio (DPR) is presently 32.87%.

In other The Estée Lauder Companies news, major shareholder Zinterhofer Aerin Lauder Trust sold 184,293 shares of The Estée Lauder Companies stock in a transaction that occurred on Wednesday, August 25th. The stock was sold at an average price of $335.95, for a total value of $61,913,233.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Barry S. Sternlicht sold 4,576 shares of The Estée Lauder Companies stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $329.42, for a total value of $1,507,425.92. Following the completion of the transaction, the director now directly owns 35,558 shares in the company, valued at $11,713,516.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 333,775 shares of company stock valued at $110,429,884. Corporate insiders own 13.95% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating on shares of The Estée Lauder Companies in a research report on Friday, September 10th. Stifel Nicolaus raised their target price on The Estée Lauder Companies from $325.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Raymond James raised their target price on The Estée Lauder Companies from $355.00 to $375.00 and gave the company a “strong-buy” rating in a research report on Friday, August 20th. Royal Bank of Canada raised their target price on The Estée Lauder Companies from $348.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, August 20th. Finally, Morgan Stanley raised their target price on The Estée Lauder Companies from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, August 23rd. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $338.35.

The Estée Lauder Companies Company Profile

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

Further Reading: What is Cost of Goods Sold (COGS)?

Institutional Ownership by Quarter for The Estée Lauder Companies (NYSE:EL)

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