Federated Hermes Inc. Has $79.07 Million Stock Position in The Estee Lauder Companies Inc. $EL

Federated Hermes Inc. cut its position in The Estee Lauder Companies Inc. (NYSE:EL) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 897,323 shares of the company’s stock after selling 656,765 shares during the period. Federated Hermes Inc. owned 0.25% of Estee Lauder Companies worth $79,072,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Estee Lauder Companies by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,801 shares of the company’s stock valued at $2,186,000 after acquiring an additional 764 shares in the last quarter. LBP AM SA increased its stake in Estee Lauder Companies by 12.2% during the 3rd quarter. LBP AM SA now owns 36,109 shares of the company’s stock valued at $3,182,000 after purchasing an additional 3,916 shares in the last quarter. Trek Financial LLC acquired a new position in Estee Lauder Companies during the third quarter worth $5,006,000. Deseret Mutual Benefit Administrators raised its holdings in Estee Lauder Companies by 37.6% during the third quarter. Deseret Mutual Benefit Administrators now owns 534 shares of the company’s stock worth $47,000 after buying an additional 146 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Estee Lauder Companies by 53.0% in the third quarter. Strs Ohio now owns 190,589 shares of the company’s stock valued at $16,795,000 after buying an additional 66,003 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EL shares. Rothschild & Co Redburn lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $83.00 to $70.00 in a report on Tuesday, November 25th. Raymond James Financial raised Estee Lauder Companies from a “market perform” rating to a “strong-buy” rating and set a $130.00 price objective for the company in a report on Monday, January 5th. Zacks Research raised Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Telsey Advisory Group upped their price target on Estee Lauder Companies from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, October 31st. Finally, Citigroup raised their price objective on Estee Lauder Companies from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Estee Lauder Companies currently has a consensus rating of “Hold” and an average price target of $101.78.

Insider Buying and Selling at Estee Lauder Companies

In related news, VP Meridith Webster sold 5,430 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total value of $476,971.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Barry S. Sternlicht sold 3,972 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total transaction of $364,748.76. Following the sale, the director directly owned 34,812 shares in the company, valued at approximately $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.05% of the company’s stock.

Estee Lauder Companies Price Performance

EL opened at $114.64 on Thursday. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $120.27. The firm has a 50-day moving average of $106.40 and a 200 day moving average of $96.27. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.92 and a current ratio of 1.32. The firm has a market cap of $41.31 billion, a P/E ratio of -44.43, a PEG ratio of 1.37 and a beta of 1.15.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. Estee Lauder Companies had a negative net margin of 6.44% and a positive return on equity of 14.92%. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.