KLP Kapitalforvaltning AS Raises Stock Holdings in Element Solutions Inc. (NYSE:ESI)

KLP Kapitalforvaltning AS boosted its stake in shares of Element Solutions Inc. (NYSE:ESI) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,900 shares of the company’s stock after purchasing an additional 900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Element Solutions were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Park Square Financial Group LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at about $28,000. Eagle Bay Advisors LLC lifted its position in Element Solutions by 940.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock valued at $52,000 after acquiring an additional 2,060 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Element Solutions in the fourth quarter valued at approximately $68,000. Wells Fargo & Company MN boosted its stake in Element Solutions by 100.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,469 shares of the company’s stock valued at $88,000 after acquiring an additional 1,739 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Element Solutions in the fourth quarter worth $176,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

ESI has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. Mizuho increased their price target on Element Solutions from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. UBS Group raised their price target on Element Solutions from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Barclays cut their price objective on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, BMO Capital Markets lowered their target price on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.13.

Element Solutions Trading Down 0.3%

NYSE ESI opened at $23.75 on Tuesday. The company has a fifty day moving average of $22.77 and a 200 day moving average of $23.19. The company has a market capitalization of $5.76 billion, a PE ratio of 19.96, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. Element Solutions Inc. has a 1 year low of $16.77 and a 1 year high of $29.78.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.35%. The ex-dividend date was Monday, June 2nd. Element Solutions’s dividend payout ratio (DPR) is 26.89%.

About Element Solutions

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.