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

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

Other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of Element Solutions by 1.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after acquiring an additional 423 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after purchasing an additional 430 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Element Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock worth $2,502,000 after buying an additional 610 shares in the last quarter. KBC Group NV raised its position in shares of Element Solutions by 7.1% in the first quarter. KBC Group NV now owns 10,319 shares of the company's stock worth $233,000 after buying an additional 681 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Element Solutions by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock valued at $169,000 after buying an additional 684 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Trading Up 1.9%

NYSE:ESI traded up $0.46 during midday trading on Thursday, hitting $24.69. 797,365 shares of the company traded hands, compared to its average volume of 2,032,456. The firm has a market capitalization of $5.99 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.75 and a beta of 1.23. The firm's fifty day moving average is $22.44 and its 200-day moving average is $23.29. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64.

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

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is currently 26.89%.

Analyst Ratings Changes

ESI has been the topic of several recent analyst reports. BMO Capital Markets lowered their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Barclays dropped their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Mizuho increased their price objective on Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday. KeyCorp boosted their target price on Element Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $27.00 price target (up from $24.00) on shares of Element Solutions in a research report on Tuesday. Two investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.13.

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.