Element Solutions (NYSE:ESI) Price Target Lowered to $24.00 at The Goldman Sachs Group

Element Solutions (NYSE:ESI - Free Report) had its price objective reduced by The Goldman Sachs Group from $30.00 to $24.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

ESI has been the topic of a number of other reports. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. BMO Capital Markets lowered their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. UBS Group cut their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Barclays decreased their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.38.

Element Solutions Stock Performance

Shares of ESI traded up $0.44 during mid-day trading on Monday, hitting $21.08. 1,764,894 shares of the company's stock were exchanged, compared to its average volume of 1,936,539. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions has a 52 week low of $16.77 and a 52 week high of $29.78. The stock's 50-day simple moving average is $22.21 and its 200-day simple moving average is $25.10. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, March 3rd. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company's stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds have recently made changes to their positions in ESI. Vanguard Group Inc. raised its holdings in Element Solutions by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company's stock worth $565,685,000 after purchasing an additional 249,280 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Element Solutions by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company's stock worth $132,468,000 after buying an additional 209,441 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Element Solutions by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock valued at $127,825,000 after buying an additional 146,570 shares during the period. Geode Capital Management LLC lifted its holdings in Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company's stock valued at $90,456,000 after buying an additional 14,339 shares during the period. Finally, Locust Wood Capital Advisers LLC boosted its position in Element Solutions by 11.4% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company's stock valued at $80,727,000 after acquiring an additional 325,297 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

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.