NorthRock Partners LLC Makes New $314,000 Investment in The Estée Lauder Companies Inc. (NYSE:EL)

NorthRock Partners LLC purchased a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,186 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after purchasing an additional 154 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 2.4%

Shares of EL stock opened at $65.19 on Friday. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of -33.43, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $134.63. The firm’s 50 day moving average price is $60.63 and its two-hundred day moving average price is $68.84.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.36. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.15%. Estée Lauder Companies’s payout ratio is currently -57.85%.

Analyst Upgrades and Downgrades

EL has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $75.00 target price (down from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Morgan Stanley decreased their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada decreased their target price on shares of Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $75.20.

About Estée Lauder Companies

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.