Element Solutions (NYSE:ESI) Price Target Raised to $28.00

Element Solutions (NYSE:ESI) had its price objective hoisted by Mizuho from $26.00 to $28.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of Element Solutions from a c+ rating to a b rating in a report on Tuesday, February 20th. The Goldman Sachs Group upped their target price on Element Solutions from $22.00 to $26.00 and gave the stock a neutral rating in a research report on Tuesday, March 5th. UBS Group raised their target price on Element Solutions from $24.00 to $27.00 and gave the company a buy rating in a report on Thursday, January 11th. Barclays upped their price target on Element Solutions from $25.00 to $26.00 and gave the stock an overweight rating in a report on Monday, February 26th. Finally, Wolfe Research initiated coverage on shares of Element Solutions in a research note on Friday, March 1st. They set a peer perform rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $26.00.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $23.82 on Tuesday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 44.11, a PEG ratio of 2.02 and a beta of 1.32. The company has a current ratio of 3.63, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $24.20 and its 200 day moving average price is $22.39. Element Solutions has a twelve month low of $17.53 and a twelve month high of $25.81.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The business had revenue of $575.00 million during the quarter, compared to analysts’ expectations of $588.17 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that Element Solutions will post 1.39 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued 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 1.34%. Element Solutions’s dividend payout ratio is presently 59.26%.

Insider Buying and Selling at Element Solutions

In other news, EVP Michael Goralski sold 1,169 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now owns 146,297 shares in the company, valued at approximately $3,394,090.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 146,297 shares in the company, valued at approximately $3,394,090.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Carey J. Dorman sold 1,410 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $32,712.00. Following the sale, the chief financial officer now directly owns 177,113 shares in the company, valued at $4,109,021.60. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock worth $2,255,110 in the last ninety days. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ESI. EverSource Wealth Advisors LLC grew its position in shares of Element Solutions by 85.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 608 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in Element Solutions in the fourth quarter valued at approximately $27,000. SRS Capital Advisors Inc. grew its holdings in shares of Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after purchasing an additional 1,278 shares during the last quarter. CWM LLC raised its position in shares of Element Solutions by 95.9% during the 4th quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after purchasing an additional 886 shares during the period. Finally, Assetmark Inc. raised its position in shares of Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares during the period. 92.32% of the stock is currently owned by institutional investors.

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.