Element Solutions (NYSE:ESI) EVP Carey J. Dorman Sells 40,725 Shares

Key Points

• EVP Carey Dorman of Element Solutions Inc. sold 40,725 shares for an approximate total of $1,085,728.50, decreasing his ownership by 15.94% to 214,837 shares.
• The company reported a quarterly earnings per share of $0.37, beating estimates and showing a 2.0% increase in revenue year-over-year at $625.20 million.
• Hedge funds and institutional investors own 92.32% of Element Solutions, with Vanguard and Gates Capital among those significantly increasing their stakes recently.

Element Solutions Inc. (NYSE:ESI - Get Free Report) EVP Carey J. Dorman sold 40,725 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $26.66, for a total value of $1,085,728.50. Following the completion of the transaction, the executive vice president owned 214,837 shares in the company, valued at approximately $5,727,554.42. This trade represents a 15.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Element Solutions Stock Performance

NYSE ESI traded down $0.07 during trading hours on Monday, reaching $26.44. The company's stock had a trading volume of 2,204,160 shares, compared to its average volume of 1,960,193. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $29.78. The stock has a market cap of $6.39 billion, a PE ratio of 26.44, a PEG ratio of 1.73 and a beta of 1.31. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $25.01 and a 200 day simple moving average of $23.04.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $625.20 million for the quarter, compared to the consensus estimate of $587.45 million. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. Element Solutions's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Equities research analysts predict that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $0.08 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Element Solutions's dividend payout ratio is currently 32.00%.

Analysts Set New Price Targets

ESI has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $27.00 target price (up from $24.00) on shares of Element Solutions in a research note on Tuesday, July 15th. Fermium Researc raised Element Solutions to a "strong-buy" rating in a report on Wednesday, September 17th. KeyCorp increased their target price on shares of Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group boosted their price objective on Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Mizuho increased their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Element Solutions presently has an average rating of "Buy" and an average price target of $27.38.

Institutional Investors Weigh In On Element Solutions

Several large investors have recently made changes to their positions in ESI. Elevation Point Wealth Partners LLC acquired a new stake in shares of Element Solutions in the 2nd quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in Element Solutions during the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. grew its stake in shares of Element Solutions by 710.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock worth $29,000 after acquiring an additional 1,129 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Element Solutions in the second quarter valued at approximately $36,000. Finally, SVB Wealth LLC bought a new stake in shares of Element Solutions in the first quarter worth $37,000. Institutional investors own 92.32% of the company's stock.

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.