Barrow Hanley Mewhinney & Strauss LLC Sells 87,613 Shares of Element Solutions Inc (NYSE:ESI)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Element Solutions Inc (NYSE:ESI - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. 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 2.07% of Element Solutions worth $127,262,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new position in Element Solutions during the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. lifted its position in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after purchasing an additional 971 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in Element Solutions during the fourth quarter valued at $48,000. UMB Bank n.a. lifted its position in shares of Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock valued at $49,000 after acquiring an additional 949 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its position in shares of Element Solutions by 77.5% in the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock valued at $53,000 after acquiring an additional 911 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

Analyst Ratings Changes

ESI has been the topic of several analyst reports. KeyCorp reduced their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their price target 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 lowered their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a report on Monday, April 28th. BMO Capital Markets lowered their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and reduced their price target 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $26.38.

Insider Buying and Selling at Element Solutions

In related 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 transaction of $52,200,000.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.90% of the stock is owned by company insiders.

Element Solutions Stock Performance

Shares of NYSE:ESI traded down $0.17 on Friday, reaching $21.42. The company's stock had a trading volume of 974,086 shares, compared to its average volume of 1,966,882. The stock's 50-day moving average is $21.07 and its two-hundred day moving average is $24.55. Element Solutions Inc has a 52-week low of $16.77 and a 52-week high of $29.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The stock has a market capitalization of $5.19 billion, a P/E ratio of 21.00, a PEG ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Element Solutions Inc 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 issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.49%. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Element Solutions 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.