15,142 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Scientech Research LLC

Scientech Research LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 15,142 shares of the company's stock, valued at approximately $1,135,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EL. Harrell Investment Partners LLC grew its stake in Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares in the last quarter. Washington Capital Management Inc. bought a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $352,000. Bank Pictet & Cie Europe AG raised its holdings in Estée Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after acquiring an additional 4,690 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of Estée Lauder Companies by 2.1% in the fourth quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company's stock worth $115,322,000 after purchasing an additional 30,971 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Trading Up 1.3%

Shares of NYSE EL traded up $0.85 during trading on Thursday, reaching $64.51. The company had a trading volume of 1,241,823 shares, compared to its average volume of 4,094,199. The Estée Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $133.14. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The stock has a market cap of $23.21 billion, a P/E ratio of -33.05, a PEG ratio of 6.09 and a beta of 1.12. The company's fifty day moving average price is $60.57 and its 200-day moving average price is $68.77.

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

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.17%. Estée Lauder Companies's payout ratio is -57.85%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EL. JPMorgan Chase & Co. reduced their price objective on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 target price (down previously from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.20.

About Estée 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.