Copeland Capital Management LLC Has $63.57 Million Stock Position in Element Solutions Inc (NYSE:ESI)

Copeland Capital Management LLC lessened its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,747,361 shares of the company's stock after selling 77,951 shares during the period. Copeland Capital Management LLC owned about 1.14% of Element Solutions worth $63,574,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Element Solutions by 85.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company's stock valued at $26,000 after acquiring an additional 608 shares during the period. Covestor Ltd increased its stake in Element Solutions by 32.1% during the 1st quarter. Covestor Ltd now owns 2,845 shares of the company's stock worth $62,000 after buying an additional 692 shares during the period. MetLife Investment Management LLC purchased a new stake in Element Solutions during the 1st quarter worth $101,000. Captrust Financial Advisors increased its stake in Element Solutions by 86.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,232 shares of the company's stock worth $111,000 after buying an additional 2,889 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Element Solutions by 9.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,974 shares of the company's stock worth $127,000 after buying an additional 622 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.

Insider Activity at Element Solutions

In related news, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now directly owns 146,297 shares in the company, valued at approximately $3,394,090.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now directly owns 146,297 shares in the company, valued at approximately $3,394,090.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Benjamin Gliklich sold 61,667 shares of Element Solutions stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the sale, the chief executive officer now owns 704,395 shares in the company, valued at $16,341,964. The disclosure for this sale can be found here. Insiders have sold a total of 97,203 shares of company stock worth $2,255,110 in the last ninety days. 7.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on ESI shares. The Goldman Sachs Group raised their price objective on shares of Element Solutions from $22.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, March 5th. Barclays raised their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Monday, February 26th. UBS Group raised their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, January 11th. TheStreet raised shares of Element Solutions from a "c+" rating to a "b" rating in a report on Tuesday, February 20th. Finally, Mizuho decreased their price objective on shares of Element Solutions from $27.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Element Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $25.60.

Element Solutions Stock Performance

Shares of NYSE ESI traded up $0.09 during midday trading on Friday, hitting $24.98. The company's stock had a trading volume of 1,309,116 shares, compared to its average volume of 1,226,945. Element Solutions Inc has a 1-year low of $17.08 and a 1-year high of $25.14. The firm's fifty day moving average price is $23.51 and its 200-day moving average price is $21.55. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24. The firm has a market cap of $6.04 billion, a P/E ratio of 50.98, a P/E/G ratio of 4.14 and a beta of 1.31.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The business had revenue of $573.40 million during the quarter, compared to analyst estimates of $590.43 million. During the same period in the previous year, the business posted $0.29 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Element Solutions Inc will post 1.4 EPS for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.28%. Element Solutions's dividend payout ratio is presently 65.31%.

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.