Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 306,368 shares of the company's stock, valued at approximately $14,629,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.13% of Element Solutions at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in Element Solutions by 151.0% during the 1st quarter. Assetmark Inc. now owns 778 shares of the company's stock worth $27,000 after purchasing an additional 468 shares in the last quarter. NewEdge Advisors LLC lifted its position in Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company's stock worth $32,000 after buying an additional 346 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions during the 4th quarter worth about $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Element Solutions during the 2nd quarter worth about $63,000. Finally, Allworth Financial LP bought a new position in shares of Element Solutions in the 2nd quarter valued at about $66,000. 92.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on ESI. Seaport Research Partners reiterated a "buy" rating and set a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. Truist Financial boosted their price target on Element Solutions from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Element Solutions in a research note on Friday, August 14th. UBS Group increased their price objective on Element Solutions to $52.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Wolfe Research set a $47.00 target price on shares of Element Solutions in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $43.50.
View Our Latest Stock Analysis on Element Solutions
Element Solutions Trading Up 0.1%
Shares of NYSE:ESI opened at $35.35 on Monday. Element Solutions Inc. has a 52-week low of $22.86 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. The company has a market capitalization of $8.61 billion, a P/E ratio of 47.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. The company has a 50-day simple moving average of $40.42 and a 200 day simple moving average of $38.16.
Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The business's revenue was up 56.4% compared to the same quarter last year. Sell-side analysts forecast that Element Solutions Inc. will post 1.81 earnings per share for the current year.
Element Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Element Solutions's dividend payout ratio is 43.24%.
Element Solutions Company Profile
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Free Report)
Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
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