Nordea Investment Management AB Raises Stock Holdings in The Estee Lauder Companies Inc. $EL

Nordea Investment Management AB raised its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097,706 shares of the company's stock after acquiring an additional 22,840 shares during the period. Nordea Investment Management AB owned approximately 0.31% of Estee Lauder Companies worth $87,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of EL. Independent Franchise Partners LLP raised its holdings in Estee Lauder Companies by 1.5% during the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company's stock valued at $526,445,000 after buying an additional 118,276 shares during the period. Invesco Ltd. raised its holdings in Estee Lauder Companies by 21.9% during the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock valued at $440,998,000 after buying an additional 1,200,537 shares during the period. American Century Companies Inc. raised its holdings in Estee Lauder Companies by 34.9% during the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company's stock valued at $297,734,000 after buying an additional 1,167,508 shares during the period. Bank of New York Mellon Corp raised its holdings in Estee Lauder Companies by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company's stock valued at $203,866,000 after buying an additional 117,330 shares during the period. Finally, Northern Trust Corp raised its holdings in Estee Lauder Companies by 3.4% during the 1st quarter. Northern Trust Corp now owns 2,445,947 shares of the company's stock valued at $161,433,000 after buying an additional 80,387 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lynn Forester sold 3,702 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the transaction, the director owned 15,479 shares of the company's stock, valued at approximately $1,418,650.35. This represents a 19.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lande Rashida La sold 6,417 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. 13.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on EL. Barclays increased their price target on Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Bank of America assumed coverage on Estee Lauder Companies in a report on Thursday, July 10th. They set a "buy" rating and a $110.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their target price on Estee Lauder Companies from $99.00 to $114.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Estee Lauder Companies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Estee Lauder Companies presently has an average rating of "Hold" and an average target price of $91.30.

Estee Lauder Companies Price Performance

EL opened at $100.72 on Friday. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $100.80. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The business's fifty day simple moving average is $89.90 and its 200-day simple moving average is $78.01. The company has a market capitalization of $36.25 billion, a price-to-earnings ratio of -32.08, a PEG ratio of 2.88 and a beta of 1.16.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The business's revenue was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, equities research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. Estee Lauder Companies's dividend payout ratio is presently -44.59%.

About Estee Lauder Companies

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.

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