Securian Asset Management Inc. Sells 361 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Securian Asset Management Inc. lessened its position in The Estée Lauder Companies Inc. (NYSE:EL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,460 shares of the company’s stock after selling 361 shares during the quarter. Securian Asset Management Inc.’s holdings in Estée Lauder Companies were worth $934,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Centre Asset Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth $8,585,000. Franklin Resources Inc. increased its holdings in shares of Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after purchasing an additional 45,687 shares during the period. Harrell Investment Partners LLC increased its holdings in shares of Estée Lauder Companies by 52.1% during the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after purchasing an additional 3,524 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the period. Finally, Paloma Partners Management Co increased its holdings in shares of Estée Lauder Companies by 729.4% during the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after purchasing an additional 41,773 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EL has been the topic of several research reports. Piper Sandler boosted their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Telsey Advisory Group restated a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Finally, Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Price Performance

NYSE:EL opened at $66.64 on Friday. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $155.73. The company’s 50-day moving average price is $73.54 and its two-hundred day moving average price is $78.74. The firm has a market cap of $23.92 billion, a PE ratio of -34.17, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the business earned $0.88 earnings per share. Estée Lauder Companies’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. Estée Lauder Companies’s payout ratio is -71.79%.

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.