Element Solutions Inc (NYSE:ESI) Shares Acquired by Truist Financial Corp

Truist Financial Corp raised its stake in shares of Element Solutions Inc (NYSE:ESI) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,736 shares of the company’s stock after purchasing an additional 5,052 shares during the period. Truist Financial Corp owned 0.07% of Element Solutions worth $4,291,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ESI. True Wealth Design LLC purchased a new position in shares of Element Solutions in the 3rd quarter worth $25,000. Trust Co. of Vermont acquired a new stake in Element Solutions during the fourth quarter worth about $43,000. UMB Bank n.a. raised its holdings in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of Element Solutions by 77.5% in the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after purchasing an additional 911 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Element Solutions during the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Trading Down 2.1 %

NYSE:ESI opened at $26.53 on Monday. Element Solutions Inc has a one year low of $23.09 and a one year high of $29.78. The business’s 50-day simple moving average is $25.76 and its 200 day simple moving average is $26.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30.

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

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.21%. The ex-dividend date is Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

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.