Element Solutions Inc (NYSE:ESI) Receives $26.38 Average PT from Brokerages

Element Solutions Inc (NYSE:ESI - Get Free Report) has received a consensus rating of "Buy" from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $26.38.

ESI has been the topic of several research analyst reports. Barclays lowered their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. UBS Group reduced their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group dropped their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Finally, Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.90% of the company's stock.

Hedge Funds Weigh In On Element Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC acquired a new stake in shares of Element Solutions during the 4th quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new stake in Element Solutions during the fourth quarter worth $28,000. First Horizon Advisors Inc. boosted its stake in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after buying an additional 971 shares in the last quarter. SVB Wealth LLC bought a new stake in Element Solutions in the 1st quarter valued at $37,000. Finally, Parkside Financial Bank & Trust acquired a new position in shares of Element Solutions in the 4th quarter valued at $48,000. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Up 3.3%

NYSE ESI traded up $0.72 on Friday, hitting $22.12. 1,156,101 shares of the stock were exchanged, compared to its average volume of 1,963,638. The company's 50-day moving average price is $20.98 and its two-hundred day moving average price is $24.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period in the previous year, the firm earned $0.34 earnings per share. Element Solutions's quarterly revenue was up 3.3% on a year-over-year basis. Research analysts predict that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.45%. Element Solutions's dividend payout ratio is 26.89%.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.