Quantinno Capital Management LP Buys 20,116 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Quantinno Capital Management LP boosted its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 250.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,163 shares of the company's stock after buying an additional 20,116 shares during the quarter. Quantinno Capital Management LP's holdings in Estée Lauder Companies were worth $2,808,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Aptus Capital Advisors LLC raised its stake in shares of Estée Lauder Companies by 6.3% in the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company's stock worth $228,000 after acquiring an additional 127 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Estée Lauder Companies by 30.9% during the third 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. Horizon Bancorp Inc. IN raised its stake in shares of Estée Lauder Companies by 22.3% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company's stock worth $90,000 after purchasing an additional 154 shares in the last quarter. Chilton Capital Management LLC grew its position in shares of Estée Lauder Companies by 63.9% in the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company's stock valued at $46,000 after acquiring an additional 168 shares during the period. Finally, Biltmore Family Office LLC lifted its position in shares of Estée Lauder Companies by 7.8% in the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company's stock valued at $237,000 after buying an additional 171 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Stock Performance

NYSE EL traded up $0.67 during trading on Tuesday, reaching $82.35. The company's stock had a trading volume of 2,531,621 shares, compared to its average volume of 3,574,745. 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 business's fifty day moving average price is $79.46 and its 200-day moving average price is $93.65. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.75. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 145.89, a P/E/G ratio of 5.14 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. As a group, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.70%. Estée Lauder Companies's payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating for the company in a report on Friday, November 1st. Canaccord Genuity Group lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Evercore ISI cut their price target on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lowered shares of Estée Lauder Companies from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $113.00 to $74.00 in a research report on Friday, November 1st. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $105.00 price objective on shares of Estée Lauder Companies in a research note on Thursday, October 31st. Nineteen 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 currently has an average rating of "Hold" and a consensus target price of $98.57.

Insider Buying and Selling

In related news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg bought 77,500 shares of the business's stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the transaction, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.

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.