E Stanley Oneal Sells 143,564 Shares of Element Solutions (NYSE:ESI) Stock

Element Solutions Inc. (NYSE:ESI) Director E Stanley Oneal sold 143,564 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the transaction, the director directly owned 147,832 shares of the company’s stock, valued at $5,250,992.64. This represents a 49.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Element Solutions Price Performance

NYSE:ESI opened at $35.67 on Friday. Element Solutions Inc. has a 52-week low of $16.77 and a 52-week high of $37.74. The company has a quick ratio of 3.00, a current ratio of 3.68 and a debt-to-equity ratio of 0.60. The firm has a market cap of $8.69 billion, a P/E ratio of 45.15, a PEG ratio of 1.64 and a beta of 1.28. The business’s 50-day moving average price is $29.48 and its 200 day moving average price is $27.13.

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

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio is currently 40.51%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ESI. T. Rowe Price Investment Management Inc. raised its stake in shares of Element Solutions by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after purchasing an additional 1,298,273 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Element Solutions by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after acquiring an additional 228,416 shares in the last quarter. State Street Corp lifted its stake in Element Solutions by 1.2% in the fourth quarter. State Street Corp now owns 7,161,586 shares of the company’s stock valued at $178,968,000 after acquiring an additional 83,033 shares during the last quarter. Invesco Ltd. lifted its stake in Element Solutions by 43.6% in the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after acquiring an additional 2,146,512 shares during the last quarter. Finally, FIL Ltd grew its position in Element Solutions by 13.9% in the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock worth $127,183,000 after acquiring an additional 621,448 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the subject of several research reports. CJS Securities raised Element Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Truist Financial boosted their price objective on Element Solutions from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Bank of America lifted 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. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Element Solutions presently has an average rating of “Buy” and an average target price of $35.75.

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.