D L Carlson Investment Group Inc. Buys Shares of 57,403 Element Solutions Inc. $ESI

D L Carlson Investment Group Inc. bought a new position in shares of Element Solutions Inc. (NYSE:ESI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,403 shares of the company's stock, valued at approximately $2,741,000.

A number of other large investors also recently modified their holdings of the business. Parallel Advisors LLC raised its stake in Element Solutions by 16.4% during the fourth quarter. Parallel Advisors LLC now owns 2,455 shares of the company's stock worth $61,000 after acquiring an additional 345 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company's stock valued at $32,000 after purchasing an additional 346 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Element Solutions by 0.3% during the fourth quarter. MML Investors Services LLC now owns 125,877 shares of the company's stock valued at $3,146,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Element Solutions by 3.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company's stock worth $357,000 after purchasing an additional 385 shares during the period. Finally, Quarry LP lifted its holdings in shares of Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company's stock worth $51,000 after purchasing an additional 431 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on ESI shares. Seaport Research Partners restated a "buy" rating and set a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Element Solutions in a research note on Friday, August 14th. Truist Financial boosted their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 9th. UBS Group upped their price target on shares of Element Solutions to $52.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Element Solutions in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Element Solutions has an average rating of "Buy" and a consensus target price of $43.50.

Element Solutions Stock Performance

Shares of ESI stock opened at $35.59 on Friday. Element Solutions Inc. has a 12-month low of $22.86 and a 12-month high of $49.25. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 48.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26. The business has a 50 day simple moving average of $40.59 and a 200 day simple moving average of $38.12. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $977.90 million for the quarter, compared to analysts' expectations of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The firm's revenue was up 56.4% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. On average, equities research analysts anticipate that Element Solutions Inc. will post 1.81 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions's dividend payout ratio (DPR) is 43.24%.

About Element Solutions

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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