Element Solutions (NYSE:ESI) Sets New 1-Year High at $25.20

Element Solutions Inc (NYSE:ESIGet Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $25.20 and last traded at $25.08, with a volume of 635181 shares trading hands. The stock had previously closed at $24.67.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ESI. Barclays increased their price objective on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. The Goldman Sachs Group increased their target price on Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a report on Tuesday, February 20th. Mizuho cut their price target on Element Solutions from $27.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, 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 research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.60.

Get Our Latest Stock Analysis on Element Solutions

Element Solutions Trading Up 1.5 %

The business’s 50-day moving average is $23.58 and its two-hundred day moving average is $21.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43. The firm has a market cap of $6.06 billion, a P/E ratio of 51.12, a P/E/G ratio of 4.14 and a beta of 1.32.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The company had revenue of $573.40 million during the quarter, compared to analysts’ expectations of $590.43 million. During the same quarter last year, the company earned $0.29 EPS. Element Solutions’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that Element Solutions Inc will post 1.4 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid 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 (DPR) is presently 65.31%.

Insider Transactions at Element Solutions

In other Element Solutions news, CEO Benjamin Gliklich sold 6,579 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $152,632.80. Following the transaction, the chief executive officer now owns 726,399 shares in the company, valued at approximately $16,852,456.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Carey J. Dorman sold 14,774 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total value of $342,756.80. Following the transaction, the chief financial officer now owns 171,551 shares of the company’s stock, valued at approximately $3,979,983.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Benjamin Gliklich sold 6,579 shares of Element Solutions stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $152,632.80. Following the sale, the chief executive officer now directly owns 726,399 shares of the company’s stock, valued at $16,852,456.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,203 shares of company stock valued at $2,255,110. 7.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Element Solutions

A number of large investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its position in Element Solutions by 2.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,495,759 shares of the company’s stock valued at $88,162,000 after purchasing an additional 110,620 shares during the period. Clearbridge Investments LLC grew its holdings in Element Solutions by 12.6% in the third quarter. Clearbridge Investments LLC now owns 1,644,155 shares of the company’s stock worth $32,242,000 after purchasing an additional 183,562 shares during the period. Northern Trust Corp increased its stake in shares of Element Solutions by 2.7% during the third quarter. Northern Trust Corp now owns 1,730,459 shares of the company’s stock valued at $33,934,000 after purchasing an additional 45,752 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Element Solutions by 47.2% during the third quarter. Invesco Ltd. now owns 4,403,980 shares of the company’s stock valued at $86,362,000 after purchasing an additional 1,412,706 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Element Solutions by 4.3% in the 3rd quarter. FMR LLC now owns 19,232,761 shares of the company’s stock worth $377,154,000 after purchasing an additional 798,662 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

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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.

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