Element Solutions Inc. (NYSE:ESI) Receives $35.75 Consensus Target Price from Brokerages

Element Solutions Inc. (NYSE:ESI) has received an average rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $35.75.

ESI has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. KeyCorp upped their target price on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Bank of America raised their target price on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Mizuho lifted their price target on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, January 21st.

Insider Buying and Selling

In other news, Director E Stanley Oneal sold 143,564 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the transaction, the director directly owned 147,832 shares of the company’s stock, valued at approximately $5,250,992.64. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vest Financial LLC grew its position in Element Solutions by 126.1% during the 3rd quarter. Vest Financial LLC now owns 115,531 shares of the company’s stock worth $2,908,000 after purchasing an additional 64,433 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Element Solutions by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,256,926 shares of the company’s stock valued at $207,822,000 after buying an additional 139,751 shares during the period. World Investment Advisors purchased a new stake in shares of Element Solutions in the third quarter worth about $1,185,000. American Century Companies Inc. grew its holdings in Element Solutions by 28.0% during the third quarter. American Century Companies Inc. now owns 4,195,840 shares of the company’s stock worth $105,609,000 after acquiring an additional 916,804 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Element Solutions by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock worth $102,479,000 after acquiring an additional 562,205 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Up 4.7%

NYSE:ESI opened at $39.05 on Wednesday. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 49.43, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23. 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 business has a fifty day moving average price of $34.02 and a 200-day moving average price of $29.24. Element Solutions has a one year low of $17.77 and a one year high of $39.60.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The business had revenue of $676.20 million during the quarter, compared to analyst estimates of $632.40 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is presently 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.