TruNorth Capital Management LLC Makes New $90,000 Investment in The Estée Lauder Companies Inc. (NYSE:EL)

TruNorth Capital Management LLC bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the 4th quarter, Holdings Channel reports. The firm bought 1,200 shares of the company’s stock, valued at approximately $90,000.

Other hedge funds have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies during the fourth quarter valued at $29,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth about $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies during the 3rd quarter valued at about $31,000. 55.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Up 4.6 %

Shares of EL stock opened at $75.09 on Tuesday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54. The firm has a fifty day moving average price of $74.74 and a 200-day moving average price of $80.77. The company has a market cap of $26.96 billion, a price-to-earnings ratio of -38.51, a PEG ratio of 6.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. The business’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Analysts Set New Price Targets

Several brokerages have issued reports on EL. B. Riley decreased their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Morgan Stanley decreased their price target on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, CICC Research started coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a “market perform” rating and a $82.00 price target on the stock. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Company 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.