Federated Hermes Inc. Purchases 715 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Federated Hermes Inc. increased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 121.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,302 shares of the company’s stock after acquiring an additional 715 shares during the quarter. Federated Hermes Inc.’s holdings in Estée Lauder Companies were worth $190,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. increased its holdings in shares of Estée Lauder Companies by 6.8% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,560 shares of the company’s stock worth $228,000 after purchasing an additional 100 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Estée Lauder Companies by 6.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,773 shares of the company’s stock worth $256,000 after purchasing an additional 106 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of Estée Lauder Companies by 8.1% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,533 shares of the company’s stock worth $222,000 after purchasing an additional 115 shares during the period. BOK Financial Private Wealth Inc. increased its holdings in shares of Estée Lauder Companies by 8.6% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 1,549 shares of the company’s stock worth $227,000 after purchasing an additional 123 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Estée Lauder Companies by 14.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,001 shares of the company’s stock worth $145,000 after purchasing an additional 125 shares during the period. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on EL shares. Barclays lowered their target price on shares of Estée Lauder Companies from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Morgan Stanley cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $164.00 to $140.00 in a research note on Friday. Finally, Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Price Performance

EL opened at $132.94 on Monday. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $209.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. The company’s 50 day simple moving average is $145.88 and its 200-day simple moving average is $138.15. The stock has a market capitalization of $47.66 billion, a P/E ratio of 74.69, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s payout ratio is presently 148.32%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.