Northern Trust Corp Has $177.37 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Northern Trust Corp raised its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,365,560 shares of the company's stock after purchasing an additional 285,272 shares during the quarter. Northern Trust Corp owned 0.66% of Estée Lauder Companies worth $177,370,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at about $29,000. Deseret Mutual Benefit Administrators raised its holdings in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $30,000. Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after acquiring an additional 141 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price objective (down from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. UBS Group increased their price objective on Estée Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Citigroup decreased their price target on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies presently has a consensus rating of "Hold" and a consensus price target of $75.20.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock traded up $0.39 on Wednesday, hitting $58.92. The company had a trading volume of 744,885 shares, compared to its average volume of 4,198,234. The company has a market cap of $21.15 billion, a PE ratio of -30.16, a PEG ratio of 6.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $139.34. The business has a 50-day simple moving average of $61.90 and a 200-day simple moving average of $70.22.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The firm's revenue was down 9.9% on a year-over-year basis. Research analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.38%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.

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.