Logan Capital Management Inc. Has $16.20 Million Position in Estee Lauder Companies Inc (EL)

Logan Capital Management Inc. cut its holdings in Estee Lauder Companies Inc (NYSE:EL) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,302 shares of the company’s stock after selling 2,507 shares during the quarter. Logan Capital Management Inc.’s holdings in Estee Lauder Companies were worth $16,198,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. LS Investment Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 119.1% during the 3rd quarter. LS Investment Advisors LLC now owns 17,578 shares of the company’s stock valued at $1,896,000 after buying an additional 9,555 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Estee Lauder Companies by 14.4% during the 3rd quarter. APG Asset Management N.V. now owns 1,099,545 shares of the company’s stock valued at $118,575,000 after buying an additional 138,700 shares during the period. Fox Run Management L.L.C. lifted its holdings in shares of Estee Lauder Companies by 5.4% during the 3rd quarter. Fox Run Management L.L.C. now owns 9,700 shares of the company’s stock valued at $1,046,000 after buying an additional 500 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Estee Lauder Companies by 82.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 166,400 shares of the company’s stock valued at $17,945,000 after buying an additional 75,200 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Estee Lauder Companies by 1.5% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 41,192 shares of the company’s stock valued at $4,442,000 after buying an additional 622 shares during the period. 53.84% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on EL shares. Telsey Advisory Group increased their price target on Estee Lauder Companies from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. DA Davidson reissued a “hold” rating and set a $125.00 price target on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. BMO Capital Markets increased their price target on Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Finally, KeyCorp reissued an “overweight” rating and set a $135.00 price target (up from $115.00) on shares of Estee Lauder Companies in a report on Thursday, November 2nd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $129.83.

Shares of Estee Lauder Companies Inc (NYSE:EL) opened at $139.82 on Thursday. Estee Lauder Companies Inc has a 12 month low of $81.69 and a 12 month high of $142.21. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $51,249.59, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the business posted $1.22 EPS. Estee Lauder Companies’s revenue for the quarter was up 16.7% compared to the same quarter last year. equities analysts expect that Estee Lauder Companies Inc will post 4.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. Estee Lauder Companies’s payout ratio is presently 52.78%.

In other news, EVP Carl P. Haney sold 6,525 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $137.52, for a total transaction of $897,318.00. Following the completion of the transaction, the executive vice president now owns 6,525 shares in the company, valued at $897,318. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sara E. Moss sold 30,044 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $140.40, for a total value of $4,218,177.60. The disclosure for this sale can be found here. Insiders sold a total of 232,006 shares of company stock valued at $31,246,148 in the last quarter. 16.24% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “Logan Capital Management Inc. Has $16.20 Million Position in Estee Lauder Companies Inc (EL)” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://stocknewstimes.com/2018/02/22/logan-capital-management-inc-has-16-20-million-position-in-estee-lauder-companies-inc-el.html.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply