Element Solutions Inc. (NYSE:ESI) Receives Average Recommendation of “Buy” from Brokerages

Element Solutions Inc. (NYSE:ESI) has been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.75.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 target price on shares of Element Solutions in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, January 21st. Truist Financial raised their price objective on shares of Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Wall Street Zen lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Mizuho boosted their target price on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $31.05 on Friday. The business has a 50-day moving average price of $31.48 and a two-hundred day moving average price of $27.91. Element Solutions has a 1-year low of $16.77 and a 1-year high of $37.74. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60. The company has a market cap of $7.56 billion, a P/E ratio of 39.30, a PEG ratio of 1.45 and a beta of 1.24.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The company had revenue of $676.20 million for the quarter, compared to the consensus estimate of $632.40 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.08 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Element Solutions’s dividend payout ratio (DPR) is currently 40.51%.

Insider Buying and Selling

In other news, Director E Stanley Oneal sold 143,564 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the completion of the sale, the director owned 147,832 shares in the company, valued at $5,250,992.64. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ESI. Invesco Ltd. lifted its position in Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after acquiring an additional 2,146,512 shares in the last quarter. Scopus Asset Management L.P. raised its stake in shares of Element Solutions by 134.6% in the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after purchasing an additional 1,965,691 shares during the last quarter. Ilex Capital Partners UK LLP raised its stake in shares of Element Solutions by 61.7% in the second quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock worth $105,465,000 after purchasing an additional 1,777,265 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Element Solutions by 253.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock valued at $59,146,000 after buying an additional 1,684,994 shares during the last quarter. Finally, Jain Global LLC raised its position in Element Solutions by 253.3% in the 4th quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock valued at $53,161,000 after buying an additional 1,525,195 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.