Homestead Advisers Corp Increases Stock Position in Element Solutions Inc. (NYSE:ESI)

Homestead Advisers Corp increased its position in Element Solutions Inc. (NYSE:ESI - Free Report) by 122.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,600 shares of the company's stock after purchasing an additional 86,200 shares during the quarter. Homestead Advisers Corp owned 0.06% of Element Solutions worth $3,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new position in shares of Element Solutions in the 4th quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in shares of Element Solutions in the 4th quarter worth about $28,000. Eagle Bay Advisors LLC increased its holdings in shares of Element Solutions by 940.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock worth $52,000 after acquiring an additional 2,060 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Element Solutions in the 4th quarter worth about $68,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Element Solutions by 100.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock worth $88,000 after acquiring an additional 1,739 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. KeyCorp raised their target price on shares of Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. BMO Capital Markets lowered their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Mizuho lifted their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Barclays decreased their target price on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, UBS Group raised their target price on shares of Element Solutions from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.13.

Element Solutions Stock Performance

Shares of NYSE:ESI traded up $0.03 during trading on Tuesday, reaching $24.50. The stock had a trading volume of 381,961 shares, compared to its average volume of 2,033,203. Element Solutions Inc. has a 52 week low of $16.77 and a 52 week high of $29.78. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.79 and a beta of 1.23. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $23.25.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The firm had revenue of $593.70 million for the quarter, compared to the consensus estimate of $576.73 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.31%. Element Solutions's dividend payout ratio (DPR) is 26.89%.

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.

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