Element Solutions (NYSE:ESI) Upgraded at StockNews.com

StockNews.com upgraded shares of Element Solutions (NYSE:ESI) from a hold rating to a buy rating in a report released on Monday.

Other analysts have also issued research reports about the company. Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company. Barclays cut their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. BMO Capital Markets increased their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, Bank of America reissued a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Down 0.9 %

Element Solutions stock opened at $26.27 on Monday. The company’s 50 day simple moving average is $25.75 and its 200 day simple moving average is $26.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.30 and a beta of 1.30. Element Solutions has a fifty-two week low of $23.09 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. As a group, sell-side analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, March 3rd. Element Solutions’s payout ratio is 31.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Element Solutions by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock valued at $565,685,000 after acquiring an additional 249,280 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock valued at $132,468,000 after buying an additional 209,441 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company’s stock worth $127,825,000 after acquiring an additional 146,570 shares during the period. State Street Corp lifted its stake in Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company’s stock worth $117,320,000 after purchasing an additional 230,793 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Element Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock worth $90,456,000 after purchasing an additional 14,339 shares during the period. 92.32% of the stock is currently owned by hedge funds and other 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.