Element Solutions Inc (NYSE:ESI) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in Element Solutions Inc (NYSE:ESI - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,004,392 shares of the company's stock after selling 87,613 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.07% of Element Solutions worth $127,262,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ESI. Proficio Capital Partners LLC acquired a new position in Element Solutions in the 4th quarter valued at $423,000. Charles Schwab Investment Management Inc. increased its stake in Element Solutions by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock valued at $59,224,000 after purchasing an additional 29,253 shares during the last quarter. Principal Financial Group Inc. lifted its position in Element Solutions by 18.6% during the fourth quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock worth $1,900,000 after buying an additional 11,702 shares during the period. Boston Partners acquired a new stake in Element Solutions in the 4th quarter worth about $24,169,000. Finally, Entropy Technologies LP acquired a new stake in Element Solutions in the 4th quarter worth about $433,000. Institutional investors and hedge funds own 92.32% of the company's stock.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction on 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 transaction, the director now owns 109,100 shares of the company's stock, valued at $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 7.90% of the company's stock.

Element Solutions Stock Down 1.4%

NYSE:ESI traded down $0.30 during trading hours on Wednesday, hitting $21.79. The stock had a trading volume of 246,434 shares, compared to its average volume of 1,956,852. The company has a market cap of $5.28 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The business has a 50 day simple moving average of $20.89 and a two-hundred day simple moving average of $24.48. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS 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 company had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. During the same period in the prior year, the business posted $0.34 EPS. The business's revenue was up 3.3% on a year-over-year basis. Analysts predict that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.08 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.47%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ESI shares. UBS Group cut their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets dropped their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Barclays dropped their target price on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Wall Street Zen cut shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, KeyCorp decreased their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.38.

About Element Solutions

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.