Kayne Anderson Rudnick Investment Management LLC Has $10.76 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Kayne Anderson Rudnick Investment Management LLC decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,099 shares of the company’s stock after selling 5,008 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Estée Lauder Companies were worth $10,757,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EL. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies during the first quarter worth $26,000. Hexagon Capital Partners LLC boosted its position in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the period. Crewe Advisors LLC acquired a new position in shares of Estée Lauder Companies during the first quarter worth about $35,000. Chilton Capital Management LLC boosted its position in Estée Lauder Companies by 163.0% during the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Estée Lauder Companies Trading Down 2.8 %

Estée Lauder Companies stock opened at $85.01 on Monday. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The firm’s fifty day moving average price is $92.92 and its 200-day moving average price is $117.76. The stock has a market cap of $30.48 billion, a P/E ratio of 47.76, a PEG ratio of 1.42 and a beta of 1.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business posted $0.07 earnings per share. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 148.31%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson reissued a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th. Evercore ISI reduced their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $100.00 in a research note on Friday, August 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $120.27.

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