Element Solutions Inc. (NYSE:ESI) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in Element Solutions Inc. (NYSE:ESI - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,168,445 shares of the company's stock after acquiring an additional 67,592 shares during the quarter. Element Solutions makes up 0.8% of Segall Bryant & Hamill LLC's portfolio, making the stock its 15th biggest position. Segall Bryant & Hamill LLC owned 0.89% of Element Solutions worth $49,029,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ESI. TD Private Client Wealth LLC bought a new stake in Element Solutions in the fourth quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in Element Solutions in the fourth quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new stake in Element Solutions in the fourth quarter valued at about $68,000. Wells Fargo & Company MN increased its holdings in Element Solutions by 100.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company's stock valued at $88,000 after buying an additional 1,739 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Element Solutions by 53.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,649 shares of the company's stock valued at $144,000 after buying an additional 1,963 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of NYSE:ESI traded up $0.03 during trading on Friday, hitting $24.72. 1,834,069 shares of the company traded hands, compared to its average volume of 2,038,053. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.79 and a beta of 1.23. The business's fifty day moving average is $22.58 and its 200-day moving average is $23.27. Element Solutions Inc. has a one year low of $16.77 and a one year high of $29.78. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64.

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

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 1.29%. Element Solutions's dividend payout ratio is presently 26.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ESI. The Goldman Sachs Group reissued a "neutral" rating and issued a $27.00 price objective (up from $24.00) on shares of Element Solutions in a report on Tuesday. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the company from $28.00 to $24.00 in a report on Monday, April 14th. KeyCorp boosted their price objective on Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Barclays lowered their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, 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. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.13.

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.