Trust Co. of Toledo NA OH Purchases 431 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Trust Co. of Toledo NA OH lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 19.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,615 shares of the company’s stock after acquiring an additional 431 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Estée Lauder Companies were worth $278,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 13.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company’s stock valued at $607,169,000 after buying an additional 496,308 shares during the period. Norges Bank bought a new position in Estée Lauder Companies in the fourth quarter valued at approximately $518,975,000. Clearbridge Investments LLC grew its holdings in Estée Lauder Companies by 4.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock worth $487,612,000 after acquiring an additional 140,416 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Estée Lauder Companies by 18.2% during the 1st quarter. Van ECK Associates Corp now owns 2,644,728 shares of the company’s stock worth $407,685,000 after acquiring an additional 406,753 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EL. Bank of America reduced their price target on Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. The Goldman Sachs Group lowered their price target on Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Royal Bank of Canada raised shares of Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and set a $131.00 price objective on the stock in a research note on Wednesday, July 24th. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, Barclays reduced their price target on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $147.87.

Estée Lauder Companies Stock Up 1.2 %

Shares of EL stock traded up $1.13 during trading on Tuesday, reaching $93.33. The company’s stock had a trading volume of 3,540,488 shares, compared to its average volume of 2,834,126. The company has a market cap of $33.46 billion, a price-to-earnings ratio of 52.82, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The Estée Lauder Companies Inc. has a one year low of $90.26 and a one year high of $175.31. The business has a fifty day moving average price of $108.82 and a 200-day moving average price of $129.98. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

Insiders Place Their Bets

In related news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The disclosure for this sale can be found here. Insiders have sold 42,255 shares of company stock valued at $5,453,232 in the last three months. 12.77% of the stock is currently owned by corporate insiders.

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.