Quantbot Technologies LP Acquires 69,990 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Quantbot Technologies LP increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 268.1% in the second quarter, Holdings Channel.com reports. The fund owned 96,097 shares of the company’s stock after buying an additional 69,990 shares during the quarter. Estée Lauder Companies comprises about 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 20th largest holding. Quantbot Technologies LP’s holdings in Estée Lauder Companies were worth $10,225,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Estée Lauder Companies by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 584,436 shares of the company’s stock valued at $62,202,000 after buying an additional 41,776 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Estée Lauder Companies by 6.0% during the second quarter. Brown Brothers Harriman & Co. now owns 6,157 shares of the company’s stock valued at $655,000 after acquiring an additional 350 shares in the last quarter. Rathbones Group PLC boosted its holdings in shares of Estée Lauder Companies by 3.5% in the second quarter. Rathbones Group PLC now owns 991,871 shares of the company’s stock valued at $105,535,000 after purchasing an additional 33,672 shares during the period. Plato Investment Management Ltd grew its stake in Estée Lauder Companies by 1,424.4% in the second quarter. Plato Investment Management Ltd now owns 7,134 shares of the company’s stock worth $759,000 after purchasing an additional 6,666 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Estée Lauder Companies by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 358,408 shares of the company’s stock worth $38,135,000 after purchasing an additional 15,333 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Price Performance

Shares of EL opened at $84.56 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The company’s fifty day moving average price is $94.60 and its 200-day moving average price is $119.90. The Estée Lauder Companies Inc. has a 1-year low of $82.39 and a 1-year high of $159.75. The firm has a market capitalization of $30.33 billion, a PE ratio of 47.51, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 2.97 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.12%. Estée Lauder Companies’s payout ratio is currently 148.32%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. The Goldman Sachs Group cut their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $100.00 in a report on Friday, August 16th. Piper Sandler upgraded shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $114.00 in a research note on Thursday, August 22nd. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $120.27.

Estée Lauder Companies 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.