Bahl & Gaynor Inc. Has $1.29 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Bahl & Gaynor Inc. cut its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,185 shares of the company's stock after selling 5,147 shares during the period. Bahl & Gaynor Inc.'s holdings in Estée Lauder Companies were worth $1,289,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Estée Lauder Companies by 30.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock worth $64,000 after acquiring an additional 151 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Estée Lauder Companies during the third quarter worth $1,599,000. Robeco Institutional Asset Management B.V. boosted its holdings in Estée Lauder Companies by 19.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 63,223 shares of the company's stock worth $6,303,000 after purchasing an additional 10,165 shares during the period. National Pension Service increased its stake in Estée Lauder Companies by 9.7% during the third quarter. National Pension Service now owns 537,607 shares of the company's stock valued at $53,594,000 after purchasing an additional 47,433 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Estée Lauder Companies by 1.3% during the third quarter. Asset Management One Co. Ltd. now owns 89,455 shares of the company's stock worth $8,918,000 after purchasing an additional 1,113 shares during the period. 55.15% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, CFO Akhil Shrivastava purchased 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 43,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Price Performance

Shares of EL stock traded up $1.78 during mid-day trading on Friday, hitting $73.32. 3,020,369 shares of the stock traded hands, compared to its average volume of 4,139,169. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market cap of $26.32 billion, a price-to-earnings ratio of -37.60, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company's 50-day simple moving average is $74.16 and its 200-day simple moving average is $79.61. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the company earned $0.88 earnings per share. Estée Lauder Companies's revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies's dividend payout ratio is presently -71.79%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. DA Davidson restated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. UBS Group increased their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Canaccord Genuity Group reduced their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Finally, CICC Research started coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a "market perform" rating and a $82.00 price objective for the company. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $86.00.

Estée Lauder Companies 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.