Today: The Sit Investment Associates Inc. Raises it position for Estee Lauder Companies Inc. (EL)

The Sit Investment Associates Inc. Raises it position for Estee Lauder Companies Inc. (EL)

Sit Investment Associates Inc. increased its stake in Estee Lauder Companies Inc. (NYSE:EL) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,685 shares of the company’s stock after buying an additional 2,935 shares during the period. Sit Investment Associates Inc.’s holdings in Estee Lauder Companies were worth $6,161,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EL. American Century Companies Inc. increased its stake in shares of Estee Lauder Companies by 12.2% in the second quarter. American Century Companies Inc. now owns 5,436,412 shares of the company’s stock worth $494,822,000 after buying an additional 592,412 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Estee Lauder Companies during the second quarter worth $33,726,000. Old Mutual Global Investors UK Ltd. increased its stake in shares of Estee Lauder Companies by 53.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 912,235 shares of the company’s stock worth $83,031,000 after buying an additional 319,662 shares in the last quarter. Montag & Caldwell LLC increased its stake in shares of Estee Lauder Companies by 20.1% in the second quarter. Montag & Caldwell LLC now owns 1,411,844 shares of the company’s stock worth $128,506,000 after buying an additional 236,515 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Estee Lauder Companies by 2.1% in the first quarter. State Street Corp now owns 8,895,393 shares of the company’s stock worth $838,925,000 after buying an additional 186,295 shares in the last quarter. 55.36% of the stock is owned by institutional investors.

Estee Lauder Companies Inc. (NYSE:EL) traded down 0.54% during midday trading on Friday, hitting $87.83. 763,663 shares of the stock were exchanged. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 29.67 and a beta of 0.91. The company has a 50 day moving average price of $89.06 and a 200 day moving average price of $92.21. Estee Lauder Companies Inc. has a one year low of $80.18 and a one year high of $97.48.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Friday, August 19th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.40 by $0.15. The company had revenue of $2.65 billion for the quarter. Estee Lauder Companies had a return on equity of 33.20% and a net margin of 9.90%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 EPS. Equities analysts anticipate that Estee Lauder Companies Inc. will post ($0.07) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.20 annualized dividend and a yield of 1.37%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 40.40%.

EL has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Jefferies Group reissued a “hold” rating and set a $98.00 target price on shares of Estee Lauder Companies in a research note on Thursday, July 14th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $100.00 target price (up from $98.00) on shares of Estee Lauder Companies in a research note on Friday, July 15th. Piper Jaffray Cos. reissued an “overweight” rating and set a $100.00 target price on shares of Estee Lauder Companies in a research note on Saturday, August 13th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $105.00 target price on shares of Estee Lauder Companies in a research note on Friday, August 19th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$100.97.

In other Estee Lauder Companies news, insider Fabrizio Freda sold 18,758 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of C$88.01, for a total transaction of C$1,650,891.58. Following the sale, the insider now directly owns 89,532 shares in the company, valued at approximately C$7,879,711.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory Polcer sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of C$95.00, for a total transaction of C$1,425,000.00. Following the sale, the executive vice president now owns 84,909 shares in the company, valued at C$8,066,355. The disclosure for this sale can be found here. Company insiders own 16.98% of the company’s stock.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

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