Element Solutions Inc (NYSE:ESI) Receives $25.60 Average Target Price from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.60.

ESI has been the subject of a number of research reports. The Goldman Sachs Group raised 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. UBS Group lifted their target price on Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. Barclays lifted their target price on Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, Wolfe Research initiated coverage on Element Solutions in a research report on Friday, March 1st. They set a “peer perform” rating on the stock.

Insiders Place Their Bets

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $27,120.80. Following the transaction, the executive vice president now owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total value of $1,430,674.40. Following the sale, the chief executive officer now directly owns 704,395 shares in the company, valued at $16,341,964. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the completion of the sale, the executive vice president now owns 146,297 shares in the company, valued at $3,394,090.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,203 shares of company stock valued at $2,255,110. Insiders own 7.90% of the company’s stock.

Institutional Trading of Element Solutions

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Element Solutions by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 22,719,174 shares of the company’s stock valued at $445,523,000 after purchasing an additional 1,035,756 shares during the period. FMR LLC raised its stake in shares of Element Solutions by 4.3% during the 3rd quarter. FMR LLC now owns 19,232,761 shares of the company’s stock valued at $377,154,000 after purchasing an additional 798,662 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Element Solutions by 1.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,138,854 shares of the company’s stock valued at $311,756,000 after purchasing an additional 163,426 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock valued at $108,390,000 after purchasing an additional 188,350 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Element Solutions by 47.2% during the 3rd quarter. Invesco Ltd. now owns 4,403,980 shares of the company’s stock valued at $86,362,000 after purchasing an additional 1,412,706 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Up 0.4 %

Shares of Element Solutions stock opened at $24.98 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24. Element Solutions has a 52 week low of $17.08 and a 52 week high of $25.14. The stock has a 50 day moving average price of $23.47 and a two-hundred day moving average price of $21.49. The stock has a market capitalization of $6.04 billion, a PE ratio of 50.98, a price-to-earnings-growth ratio of 4.09 and a beta of 1.31.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The firm had revenue of $573.40 million during the quarter, compared to analysts’ expectations of $590.43 million. During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Element Solutions will post 1.4 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.28%. Element Solutions’s dividend payout ratio is currently 65.31%.

Element Solutions Company Profile

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.