Shares of Element Solutions Inc (NYSE:ESI – Get Free Report) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.14.
Several analysts have weighed in on ESI shares. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. BMO Capital Markets increased 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. Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective on the stock. Finally, Barclays reduced their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th.
Check Out Our Latest Report on Element Solutions
Element Solutions Stock Performance
Element Solutions (NYSE:ESI – Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Research analysts forecast that Element Solutions will post 1.45 EPS for the current fiscal year.
Element Solutions Announces Dividend
The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.22%. Element Solutions’s payout ratio is 31.37%.
Hedge Funds Weigh In On Element Solutions
Several institutional investors and hedge funds have recently bought and sold shares of ESI. True Wealth Design LLC bought a new stake in shares of Element Solutions in the 3rd quarter worth approximately $25,000. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. grew its position in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $43,000. 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.
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