OLD National Bancorp IN Boosts Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

OLD National Bancorp IN increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 1,136.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,143 shares of the company's stock after buying an additional 47,926 shares during the quarter. OLD National Bancorp IN's holdings in Estée Lauder Companies were worth $3,910,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies during the third quarter worth approximately $31,000. Eagle Bay Advisors LLC grew its position in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares during the period. Rakuten Securities Inc. increased its stake in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company's stock valued at $58,000 after purchasing an additional 512 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings 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 buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. B. Riley dropped their target price on Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. CICC Research initiated coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They issued a "market perform" rating and a $82.00 target price for the company. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $92.95.

Estée Lauder Companies Price Performance

NYSE:EL traded down $0.72 during mid-day trading on Monday, hitting $82.71. 4,360,596 shares of the company's stock traded hands, compared to its average volume of 3,205,422. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a market cap of $29.69 billion, a PE ratio of 147.70, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The firm's 50 day simple moving average is $77.10 and its 200 day simple moving average is $83.83.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data 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. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.37 billion. During the same period last year, the company posted $0.11 EPS. The company's revenue was down 4.5% on a year-over-year basis. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg purchased 75,500 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now directly owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.78% of the stock is currently owned by company 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.