Element Solutions Inc (NYSE:ESI) Given Average Rating of “Moderate Buy” by Analysts

Element Solutions Inc (NYSE:ESI) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.14.

ESI has been the topic of several analyst reports. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Truist Financial initiated coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective on the stock. Barclays decreased their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Bank of America restated a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th.

Institutional Trading of Element Solutions

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock worth $565,685,000 after purchasing an additional 249,280 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Element Solutions by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock worth $132,468,000 after acquiring an additional 209,441 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Element Solutions by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company’s stock worth $127,825,000 after acquiring an additional 146,570 shares in the last quarter. State Street Corp raised its holdings in shares of Element Solutions by 5.6% during the third quarter. State Street Corp now owns 4,319,570 shares of the company’s stock valued at $117,320,000 after acquiring an additional 230,793 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Element Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock valued at $90,456,000 after acquiring an additional 14,339 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Up 1.9 %

Element Solutions stock opened at $26.61 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions has a one year low of $23.10 and a one year high of $29.78. The company has a 50-day simple moving average of $25.74 and a 200-day simple moving average of $26.35. The firm has a market capitalization of $6.45 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. As a group, equities analysts expect that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.20%. Element Solutions’s payout ratio is currently 31.37%.

About Element Solutions

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.