Element Solutions Inc (NYSE:ESI) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its holdings in Element Solutions Inc (NYSE:ESI) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,209,130 shares of the company’s stock after buying an additional 209,441 shares during the period. Element Solutions accounts for approximately 1.2% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 26th largest holding. Vaughan Nelson Investment Management L.P. owned approximately 2.15% of Element Solutions worth $132,468,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Element Solutions by 5.6% during the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company’s stock worth $117,320,000 after acquiring an additional 230,793 shares during the period. Geode Capital Management LLC raised its stake in Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after purchasing an additional 18,791 shares during the period. Ilex Capital Partners UK LLP raised its stake in Element Solutions by 162.7% during the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $67,085,000 after purchasing an additional 1,529,607 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Element Solutions by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock valued at $62,458,000 after purchasing an additional 38,859 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Element Solutions by 2.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 2,000,181 shares of the company’s stock valued at $54,325,000 after buying an additional 53,781 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Performance

Element Solutions stock opened at $25.36 on Friday. Element Solutions Inc has a 12-month low of $21.42 and a 12-month high of $29.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. The firm’s fifty day moving average price is $26.05 and its 200 day moving average price is $26.34.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s payout ratio is 28.83%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Truist Financial assumed coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price on the stock. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Barclays dropped 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 report on Monday, January 27th. BMO Capital Markets lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.14.

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.