Franklin Resources Inc. Lowers Holdings in Element Solutions Inc (NYSE:ESI)

Franklin Resources Inc. trimmed its holdings in Element Solutions Inc (NYSE:ESIFree Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,456 shares of the company’s stock after selling 1,366 shares during the period. Franklin Resources Inc.’s holdings in Element Solutions were worth $936,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ESI. Principal Financial Group Inc. grew its position in Element Solutions by 5.5% in the third quarter. Principal Financial Group Inc. now owns 17,536 shares of the company’s stock worth $344,000 after acquiring an additional 912 shares during the period. Barclays PLC grew its position in Element Solutions by 282.3% in the third quarter. Barclays PLC now owns 256,839 shares of the company’s stock worth $5,035,000 after acquiring an additional 189,660 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Element Solutions by 4.9% during the third quarter. Avantax Advisory Services Inc. now owns 15,123 shares of the company’s stock worth $297,000 after buying an additional 701 shares during the period. Amalgamated Bank boosted its position in shares of Element Solutions by 11.2% during the third quarter. Amalgamated Bank now owns 37,731 shares of the company’s stock worth $740,000 after buying an additional 3,789 shares during the period. Finally, Swiss National Bank boosted its position in shares of Element Solutions by 1.0% during the third quarter. Swiss National Bank now owns 504,189 shares of the company’s stock worth $9,887,000 after buying an additional 5,000 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

Shares of ESI stock opened at $23.65 on Friday. The stock’s 50-day moving average is $24.10 and its two-hundred day moving average is $23.21. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 1.82 and a beta of 1.29. Element Solutions Inc has a 1 year low of $17.57 and a 1 year high of $25.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63.

Element Solutions (NYSE:ESIGet Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The firm had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. During the same quarter last year, the company posted $0.30 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Analysts predict that Element Solutions Inc will post 1.38 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 31st. Element Solutions’s dividend payout ratio is currently 59.26%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TheStreet upgraded Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. Mizuho increased their price objective on Element Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Barclays increased their price objective on Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Wolfe Research initiated coverage on Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group increased their price objective on Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Check Out Our Latest Stock Analysis on ESI

Element Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Element Solutions (NYSE:ESI)

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