Edgestream Partners L.P. Buys 8,610 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Edgestream Partners L.P. boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 128.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,292 shares of the company's stock after purchasing an additional 8,610 shares during the quarter. Edgestream Partners L.P.'s holdings in Estée Lauder Companies were worth $1,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EL. Aptus Capital Advisors LLC grew its stake in shares of Estée Lauder Companies by 6.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company's stock valued at $228,000 after buying an additional 127 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in shares of Estée Lauder Companies by 2.1% in the second quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company's stock valued at $756,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock valued at $64,000 after acquiring an additional 151 shares during the period. Horizon Bancorp Inc. IN boosted its position in shares of Estée Lauder Companies by 22.3% in the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company's stock valued at $90,000 after acquiring an additional 154 shares during the period. Finally, City Holding Co. boosted its position in shares of Estée Lauder Companies by 2.1% in the second quarter. City Holding Co. now owns 7,950 shares of the company's stock valued at $846,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EL shares. Piper Sandler upped 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. DA Davidson restated a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. TD Cowen lowered their target price on Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Stifel Nicolaus lowered Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Thursday, October 31st. Finally, Royal Bank of Canada lowered their target price on Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $98.57.

Insiders Place Their Bets

In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares in the company, valued at $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Up 2.4 %

Estée Lauder Companies stock traded up $1.83 during midday trading on Wednesday, reaching $79.31. The stock had a trading volume of 5,697,684 shares, compared to its average volume of 3,563,114. The firm's fifty day simple moving average is $80.68 and its 200-day simple moving average is $94.96. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The stock has a market capitalization of $28.47 billion, a P/E ratio of 141.63, a price-to-earnings-growth ratio of 4.92 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm earned $0.11 EPS. Estée Lauder Companies's revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.48 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies's dividend payout ratio (DPR) is 250.00%.

About Estée Lauder Companies

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.