Bank of New York Mellon Corp Raises Holdings in The Estee Lauder Companies Inc. $EL

Bank of New York Mellon Corp lifted its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 35.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,175,394 shares of the company’s stock after purchasing an additional 1,086,514 shares during the quarter. Bank of New York Mellon Corp owned 1.16% of Estee Lauder Companies worth $337,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Generali Asset Management SPA SGR increased its holdings in Estee Lauder Companies by 1.6% in the 2nd quarter. Generali Asset Management SPA SGR now owns 7,361 shares of the company’s stock worth $595,000 after buying an additional 119 shares in the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of Estee Lauder Companies by 0.4% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 28,826 shares of the company’s stock valued at $2,329,000 after acquiring an additional 120 shares during the last quarter. LRI Investments LLC grew its stake in shares of Estee Lauder Companies by 2.6% in the second quarter. LRI Investments LLC now owns 5,007 shares of the company’s stock worth $405,000 after acquiring an additional 126 shares during the period. Legacy Wealth Asset Management LLC lifted its position in Estee Lauder Companies by 2.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 5,950 shares of the company’s stock valued at $481,000 after purchasing an additional 129 shares during the period. Finally, Signaturefd LLC lifted its position in Estee Lauder Companies by 9.3% during the second quarter. Signaturefd LLC now owns 1,815 shares of the company’s stock valued at $147,000 after purchasing an additional 154 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EL shares. Barclays boosted their target price on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Canaccord Genuity Group increased their target price on Estee Lauder Companies from $85.00 to $100.00 and gave the company a “hold” rating in a report on Monday, October 27th. Wall Street Zen raised Estee Lauder Companies from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Bank of America began coverage on shares of Estee Lauder Companies in a research note on Thursday, July 10th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Estee Lauder Companies from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $95.16.

Estee Lauder Companies Trading Down 0.6%

Estee Lauder Companies stock opened at $92.73 on Wednesday. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $104.53. The firm has a market capitalization of $33.37 billion, a price-to-earnings ratio of -29.53, a P/E/G ratio of 1.77 and a beta of 1.16. The firm has a 50 day moving average of $91.84 and a 200 day moving average of $82.09. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.38 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, research analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -54.26%.

Insider Activity

In other news, VP Lande Rashida La sold 6,417 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the sale, the director owned 15,479 shares of the company’s stock, valued at $1,418,650.35. This represents a 19.30% decrease in their position. The SEC filing for this sale provides additional information. 13.05% of the stock is owned by insiders.

Estee 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.