Quantbot Technologies LP Boosts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Quantbot Technologies LP increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 5.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,773 shares of the company’s stock after buying an additional 5,676 shares during the quarter. Estée Lauder Companies comprises 0.4% of Quantbot Technologies LP’s holdings, making the stock its 25th largest position. Quantbot Technologies LP’s holdings in Estée Lauder Companies were worth $10,146,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in Estée Lauder Companies in the 2nd quarter valued at about $30,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies in the second quarter valued at approximately $32,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies in the second quarter worth approximately $32,000. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies during the third quarter worth $31,000. Finally, Chilton Capital Management LLC increased its stake in Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the subject of a number of research analyst reports. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Royal Bank of Canada dropped their price target on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, UBS Group dropped their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $98.57.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $72.97 on Tuesday. The business has a 50-day simple moving average of $82.54 and a 200-day simple moving average of $97.63. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The company has a market cap of $26.19 billion, a PE ratio of 130.30, a P/E/G ratio of 4.22 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the acquisition, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This represents a 49.36 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

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.