Patten Group Inc. boosted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.4% during the first quarter, HoldingsChannel reports. The firm owned 4,319 shares of the company’s stock after buying an additional 100 shares during the quarter. Patten Group Inc.’s holdings in Estee Lauder Companies were worth $715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Haverford Trust Co. boosted its position in Estee Lauder Companies by 19.7% during the first quarter. Haverford Trust Co. now owns 3,192 shares of the company’s stock worth $528,000 after purchasing an additional 526 shares in the last quarter. Intrust Bank NA lifted its position in shares of Estee Lauder Companies by 1.6% in the first quarter. Intrust Bank NA now owns 4,621 shares of the company’s stock valued at $765,000 after acquiring an additional 74 shares in the last quarter. Fundsmith LLP lifted its position in shares of Estee Lauder Companies by 6.7% in the fourth quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock valued at $911,965,000 after acquiring an additional 394,564 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Estee Lauder Companies by 2.2% in the fourth quarter. Commonwealth Bank of Australia now owns 19,874 shares of the company’s stock valued at $2,580,000 after acquiring an additional 434 shares in the last quarter. Finally, Parsec Financial Management Inc. lifted its position in shares of Estee Lauder Companies by 124.5% in the first quarter. Parsec Financial Management Inc. now owns 29,038 shares of the company’s stock valued at $4,807,000 after acquiring an additional 16,105 shares in the last quarter. Institutional investors own 54.29% of the company’s stock.

Several analysts have recently issued reports on EL shares. Credit Suisse Group upped their price objective on Estee Lauder Companies from $175.00 to $185.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Royal Bank of Canada upped their price objective on Estee Lauder Companies to $173.00 and gave the company a “positive” rating in a research report on Thursday, March 7th. DA Davidson downgraded Estee Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $179.00 to $155.00 in a research report on Thursday, May 2nd. Macquarie upped their price objective on Estee Lauder Companies from $170.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer upped their price objective on Estee Lauder Companies from $164.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $170.82.

Estee Lauder Companies stock traded down $0.56 during trading on Wednesday, hitting $176.93. The company’s stock had a trading volume of 37,938 shares, compared to its average volume of 1,810,868. The firm has a market capitalization of $63.71 billion, a P/E ratio of 39.25, a PEG ratio of 2.62 and a beta of 0.74. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $180.20. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.25. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, equities analysts predict that Estee Lauder Companies Inc will post 5.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.72 annualized dividend and a yield of 0.97%. Estee Lauder Companies’s payout ratio is currently 38.14%.

In other Estee Lauder Companies news, Director Lynn Forester sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the completion of the sale, the director now directly owns 14,000 shares in the company, valued at $2,414,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Fabrizio Freda sold 33,719 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $164.42, for a total value of $5,544,077.98. Following the sale, the chief executive officer now owns 101,893 shares of the company’s stock, valued at $16,753,247.06. The disclosure for this sale can be found here. Insiders sold 3,064,268 shares of company stock valued at $509,731,259 over the last quarter. Insiders own 16.13% of the company’s stock.

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Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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