The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 290,039 shares of the company’s stock after selling 159,599 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Estée Lauder Companies were worth $28,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aptus Capital Advisors LLC boosted its stake in Estée Lauder Companies by 6.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock worth $228,000 after buying an additional 127 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its position in shares of Estée Lauder Companies by 2.1% in the second quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock worth $756,000 after acquiring an additional 145 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after purchasing an additional 151 shares during the period. Horizon Bancorp Inc. IN grew its holdings in Estée Lauder Companies by 22.3% in the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock valued at $90,000 after purchasing an additional 154 shares during the period. Finally, City Holding Co. increased its position in Estée Lauder Companies by 2.1% during the second quarter. City Holding Co. now owns 7,950 shares of the company’s stock worth $846,000 after purchasing an additional 165 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated 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 owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 6.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 18,296 shares of company stock worth $1,423,366. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Stock Performance

Shares of EL opened at $65.34 on Thursday. The stock has a market capitalization of $23.46 billion, a PE ratio of 116.68, a price-to-earnings-growth ratio of 3.85 and a beta of 1.05. The business’s fifty day moving average price is $83.42 and its 200 day moving average price is $99.12. 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 12-month low of $62.29 and a 12-month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EL shares. Evercore ISI decreased their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $105.00 to $72.00 in a research note on Thursday, October 31st. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.57.

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