Fruth Investment Management Sells 150 Shares of Estee Lauder Companies, Inc. (The) (NYSE:EL)

Fruth Investment Management decreased its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,622 shares of the company’s stock after selling 150 shares during the period. Fruth Investment Management’s holdings in Estee Lauder Companies, Inc. (The) were worth $1,403,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EL. Rathbone Brothers plc raised its stake in shares of Estee Lauder Companies, Inc. (The) by 43.2% in the first quarter. Rathbone Brothers plc now owns 67,046 shares of the company’s stock worth $5,685,000 after buying an additional 20,233 shares in the last quarter. Swarthmore Group Inc. acquired a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at about $11,182,000. Chevy Chase Trust Holdings Inc. raised its position in Estee Lauder Companies, Inc. (The) by 7.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 357,434 shares of the company’s stock valued at $30,306,000 after buying an additional 23,874 shares in the last quarter. Bath Savings Trust Co raised its position in Estee Lauder Companies, Inc. (The) by 20.7% in the first quarter. Bath Savings Trust Co now owns 24,340 shares of the company’s stock valued at $2,063,000 after buying an additional 4,166 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in Estee Lauder Companies, Inc. (The) by 63.1% in the fourth quarter. Macquarie Group Ltd. now owns 31,560 shares of the company’s stock valued at $2,414,000 after buying an additional 12,210 shares in the last quarter. 54.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded down 2.01% during midday trading on Friday, hitting $99.65. The company had a trading volume of 3,592,379 shares. The firm has a market capitalization of $36.65 billion, a P/E ratio of 33.39 and a beta of 0.72. Estee Lauder Companies, Inc. has a 1-year low of $75.29 and a 1-year high of $104.50. The stock has a 50 day moving average price of $97.42 and a 200 day moving average price of $90.23.

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Several research firms have recently issued reports on EL. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. BidaskClub lowered Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $108.00 target price (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $91.00 target price (up from $87.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, April 18th. Finally, Piper Jaffray Companies initiated coverage on Estee Lauder Companies, Inc. (The) in a report on Monday, May 1st. They issued an “overweight” rating and a $93.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $100.03.

In related news, Director Charlene Barshefsky sold 2,383 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $92.98, for a total transaction of $221,571.34. Following the transaction, the director now owns 4,000 shares in the company, valued at approximately $371,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,318 shares of company stock valued at $8,291,130. Insiders own 16.98% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

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, Inc. (The) (NYSE:EL)

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