Frank Rimerman Advisors LLC Purchases 3,164 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Frank Rimerman Advisors LLC boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 105,466.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,167 shares of the company’s stock after acquiring an additional 3,164 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Estée Lauder Companies were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies in the first quarter worth approximately $26,000. Hexagon Capital Partners LLC grew its position in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the period. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter valued at $30,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at $32,000. Finally, Crewe Advisors LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth $35,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the 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 completion of the sale, the director now directly 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EL. Stifel Nicolaus lowered their target price on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Evercore ISI dropped their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. UBS Group cut their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research note on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $120.27.

Estée Lauder Companies Stock Up 6.1 %

EL opened at $91.98 on Wednesday. The company has a market capitalization of $32.98 billion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00. The firm has a 50-day simple moving average of $92.45 and a two-hundred day simple moving average of $116.92. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The Estée Lauder Companies Inc. has a 52 week low of $82.39 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. 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 company earned $0.07 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

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