Ilmarinen Mutual Pension Insurance Co Has $7.57 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,700 shares of the company’s stock after buying an additional 3,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Estée Lauder Companies were worth $7,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Estée Lauder Companies by 20.0% in the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after purchasing an additional 1,167,553 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Estée Lauder Companies by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,237,972 shares of the company’s stock worth $1,044,492,000 after acquiring an additional 172,821 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Estée Lauder Companies by 1.9% during the first quarter. Geode Capital Management LLC now owns 4,129,962 shares of the company’s stock valued at $1,015,189,000 after acquiring an additional 77,961 shares during the period. Norges Bank bought a new position in shares of Estée Lauder Companies during the fourth quarter valued at $858,070,000. Finally, Ninety One UK Ltd lifted its holdings in shares of Estée Lauder Companies by 0.7% during the first quarter. Ninety One UK Ltd now owns 2,769,722 shares of the company’s stock valued at $682,626,000 after acquiring an additional 19,267 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

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Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.93, for a total value of $272,866.28. Following the sale, the director now owns 48,845 shares in the company, valued at approximately $7,421,020.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.93, for a total value of $272,866.28. Following the sale, the director now owns 48,845 shares in the company, valued at approximately $7,421,020.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jane Lauder sold 12,661 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total value of $1,933,967.75. Following the sale, the executive vice president now owns 55,800 shares in the company, valued at approximately $8,523,450. The disclosure for this sale can be found here. Company insiders own 12.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Evercore ISI cut their price objective on Estée Lauder Companies from $250.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, August 21st. Morgan Stanley cut their price target on Estée Lauder Companies from $243.00 to $200.00 and set an “overweight” rating for the company in a report on Monday, August 21st. Berenberg Bank cut their price target on Estée Lauder Companies from $243.00 to $224.00 in a report on Thursday, September 7th. Sanford C. Bernstein cut Estée Lauder Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $230.00 to $160.00 in a report on Thursday, August 24th. Finally, Piper Sandler cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $265.00 to $195.00 in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.31.

Check Out Our Latest Stock Report on EL

Estée Lauder Companies Trading Down 1.3 %

NYSE:EL opened at $151.30 on Wednesday. The Estée Lauder Companies Inc. has a fifty-two week low of $147.18 and a fifty-two week high of $283.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.46 and a quick ratio of 0.99. The stock has a market capitalization of $54.12 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.44 and a beta of 1.03. The business’s 50-day simple moving average is $170.85 and its 200-day simple moving average is $202.73.

Estée Lauder Companies (NYSE:EL – Get Free Report) last released its quarterly earnings data on Friday, August 18th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.11. Estée Lauder Companies had a return on equity of 21.79% and a net margin of 6.32%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the business posted $0.42 EPS. Estée Lauder Companies’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 3.66 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, August 30th. Estée Lauder Companies’s payout ratio is 94.96%.

About Estée Lauder Companies

(Free Report)

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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