Element Solutions Inc. (NYSE:ESI) Receives $31.50 Average Target Price from Analysts

Element Solutions Inc. (NYSE:ESI) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.50.

A number of analysts have weighed in on ESI shares. BMO Capital Markets cut Element Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Truist Financial upped their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Bank of America lifted their price target on shares of Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, KeyCorp boosted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th.

Element Solutions Stock Down 2.5%

NYSE ESI opened at $29.08 on Friday. The company has a current ratio of 4.05, a quick ratio of 3.28 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $26.98 and its two-hundred day moving average is $26.00. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.24 and a beta of 1.28. Element Solutions has a 1-year low of $16.77 and a 1-year high of $30.26.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, December 1st. Element Solutions’s payout ratio is presently 32.32%.

Insider Buying and Selling

In other Element Solutions news, Director Ian G. H. Ashken sold 292,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $27.00, for a total value of $7,884,000.00. Following the transaction, the director owned 306,880 shares of the company’s stock, valued at approximately $8,285,760. The trade was a 48.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Liebowitz sold 37,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the sale, the insider owned 117,393 shares of the company’s stock, valued at approximately $3,122,653.80. This trade represents a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its position in Element Solutions by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 51,200 shares of the company’s stock valued at $1,289,000 after acquiring an additional 400 shares in the last quarter. Quarry LP grew its stake in shares of Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock valued at $51,000 after purchasing an additional 431 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Element Solutions by 6.2% in the third quarter. Versant Capital Management Inc now owns 7,415 shares of the company’s stock valued at $187,000 after purchasing an additional 433 shares in the last quarter. US Bancorp DE increased its holdings in shares of Element Solutions by 3.9% in the third quarter. US Bancorp DE now owns 15,000 shares of the company’s stock valued at $378,000 after purchasing an additional 558 shares in the last quarter. Finally, Inscription Capital LLC raised its position in Element Solutions by 2.0% in the 4th quarter. Inscription Capital LLC now owns 30,604 shares of the company’s stock worth $765,000 after purchasing an additional 588 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.