Element Solutions (NYSE:ESI) Hits New 52-Week High – Here’s Why

Element Solutions Inc. (NYSE:ESI) shares hit a new 52-week high during trading on Monday . The company traded as high as $36.38 and last traded at $35.15, with a volume of 4855226 shares traded. The stock had previously closed at $35.50.

Element Solutions News Roundup

Here are the key news stories impacting Element Solutions this week:

• Positive Sentiment: Brokerage consensus: several firms now rate ESI a “Buy,” providing direct analyst support that can drive inflows and lift the share price. Element Solutions Inc. (NYSE:ESI) Receives Consensus Rating of “Buy” from Brokerages
• Positive Sentiment: Zacks — value case: a Zacks piece argues ESI is a top long-term value stock based on style scores and fundamentals, reinforcing buy-side interest from value investors. Why Element Solutions (ESI) is a Top Value Stock for the Long-Term
• Positive Sentiment: Zacks/MSN — momentum narrative: multiple articles (Zacks and an MSN repost) highlight ESI as a strong momentum pick, which can attract trend-following funds and retail traders. Why Element Solutions (ESI) is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Zacks — additional momentum pitch: another Zacks piece and a dedicated “top momentum pick” article make the case that ESI’s recent price action is supported by improving technicals and sector outperformance. Are You Looking for a Top Momentum Pick? Why Element Solutions (ESI) is a Great Choice
• Positive Sentiment: 52-week high context: Zacks notes ESI hit a 52-week high and examines whether the fundamentals support further gains, signaling bullish sentiment among investors. Element Solutions Inc. (ESI) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Peer comparison: a Zacks comparison of ESI vs. Hawkins (HWKN) examines relative valuation and business differences — useful for investors considering alternatives but not an outright bullish or bearish signal on ESI alone. ESI vs. HWKN: Which Stock Is the Better Value Option?
• Neutral Sentiment: Sector performance check: Zacks looks at whether ESI is outpacing basic-materials peers year-to-date — helpful for context but not a standalone catalyst. Is Element Solutions (ESI) Stock Outpacing Its Basic Materials Peers This Year?

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ESI shares. Truist Financial lifted their target price on Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets increased their price objective on shares of Element Solutions from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. KeyCorp upped their price target on shares of Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Mizuho lifted their price objective on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Element Solutions presently has a consensus rating of “Buy” and a consensus target price of $35.75.

Element Solutions Stock Up 1.6%

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 business has a fifty day moving average of $29.06 and a two-hundred day moving average of $27.01. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 46.53, a PEG ratio of 1.68 and a beta of 1.28.

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

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is 40.51%.

Insider Transactions at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $26.60, for a total transaction of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares in the company, valued at approximately $3,122,653.80. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Element Solutions

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Element Solutions by 43.6% in the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing 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 valued at $77,602,000 after acquiring an additional 1,965,691 shares in the last quarter. Ilex Capital Partners UK LLP grew its stake in Element Solutions by 61.7% during the 2nd 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 in 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 purchasing an additional 1,684,994 shares in 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 purchasing an additional 1,525,195 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Company Profile

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.