Hartford Financial Management Inc. Boosts Position in The Estée Lauder Companies Inc. (NYSE:EL)

Hartford Financial Management Inc. lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,915 shares of the company’s stock after buying an additional 2,439 shares during the quarter. Hartford Financial Management Inc.’s holdings in Estée Lauder Companies were worth $743,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. OLD National Bancorp IN boosted its holdings in Estée Lauder Companies by 1,136.5% in the 4th quarter. OLD National Bancorp IN now owns 52,143 shares of the company’s stock valued at $3,910,000 after purchasing an additional 47,926 shares during the period. Murphy Pohlad Asset Management LLC purchased a new position in Estée Lauder Companies during the fourth quarter worth about $2,544,000. Washington Capital Management Inc. purchased a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $352,000. VCI Wealth Management LLC bought a new stake in shares of Estée Lauder Companies during the 4th quarter valued at about $568,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth about $50,000. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Trading Up 3.8 %

Shares of NYSE EL opened at $85.44 on Friday. The stock has a market cap of $30.67 billion, a P/E ratio of 152.56, a price-to-earnings-growth ratio of 5.85 and a beta of 1.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The firm has a 50-day moving average of $76.45 and a 200 day moving average of $84.18.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.49 EPS for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 75,500 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

EL has been the subject of several research analyst reports. Piper Sandler lifted their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Stifel Nicolaus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Thursday, October 31st. UBS Group increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, TD Cowen dropped their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.95.

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.