Barrow Hanley Mewhinney & Strauss LLC Acquires 110,838 Shares of Element Solutions Inc. $ESI

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Element Solutions Inc. (NYSE:ESI) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,587 shares of the company’s stock after purchasing an additional 110,838 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.22% of Element Solutions worth $13,581,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ESI. Scopus Asset Management L.P. increased its holdings in Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after buying an additional 1,965,691 shares during the last quarter. Ilex Capital Partners UK LLP boosted its stake in Element Solutions by 61.7% in the second quarter. Ilex Capital Partners UK LLP now owns 4,656,299 shares of the company’s stock valued at $105,465,000 after acquiring an additional 1,777,265 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Element Solutions by 253.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,349,862 shares of the company’s stock valued at $59,146,000 after acquiring an additional 1,684,994 shares during the period. Merewether Investment Management LP bought a new position in shares of Element Solutions during the 2nd quarter valued at approximately $28,031,000. Finally, SG Capital Management LLC purchased a new stake in shares of Element Solutions during the 2nd quarter worth approximately $26,257,000. 92.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 117,393 shares in the company, valued at $3,122,653.80. This represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Stanley Oneal sold 143,564 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the transaction, the director owned 147,832 shares of the company’s stock, valued at $5,250,992.64. This trade represents a 49.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ESI. BMO Capital Markets upped their price objective on Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Truist Financial raised their target price on Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Mizuho increased their price target on Element Solutions from $29.00 to $35.00 and gave the stock 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $35.75.

Element Solutions Price Performance

Element Solutions stock opened at $32.57 on Thursday. Element Solutions Inc. has a one year low of $16.77 and a one year high of $37.74. The business has a fifty day moving average price of $30.86 and a 200-day moving average price of $27.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00. The firm has a market capitalization of $7.93 billion, a P/E ratio of 41.23, a PEG ratio of 1.49 and a beta of 1.24.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $676.20 million for the quarter, compared to analyst estimates of $632.40 million. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities research analysts forecast that Element Solutions Inc. will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.32 annualized dividend and a yield of 1.0%. Element Solutions’s payout ratio is currently 40.51%.

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.