Element Solutions Inc. (NYSE:ESI) Receives $30.75 Consensus Target Price from Analysts

Shares of Element Solutions Inc. (NYSE:ESI) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.75.

A number of equities analysts recently issued reports on the company. Truist Financial lifted their target price on Element Solutions from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Fermium Researc upgraded Element Solutions to a “strong-buy” rating in a research report on Wednesday, September 17th. Bank of America boosted their price objective on Element Solutions from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, October 8th. Finally, KeyCorp lifted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th.

Element Solutions Stock Performance

Shares of ESI opened at $28.04 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.05 and a quick ratio of 3.28. The firm’s 50 day moving average is $26.10 and its 200-day moving average is $25.46. Element Solutions has a 12-month low of $16.77 and a 12-month high of $28.13. The stock has a market capitalization of $6.79 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.19 and a beta of 1.28.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $656.10 million during the quarter, compared to analysts’ expectations of $645.13 million. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Equities research analysts anticipate that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, December 1st. Element Solutions’s payout ratio is presently 32.32%.

Insider Buying and Selling at Element Solutions

In related news, insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total value of $984,200.00. Following the completion of the sale, the insider directly owned 117,393 shares of the company’s stock, valued at approximately $3,122,653.80. This represents a 23.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 292,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $27.00, for a total value of $7,884,000.00. Following the sale, the director owned 306,880 shares of the company’s stock, valued at $8,285,760. The trade was a 48.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.90% of the stock is owned by insiders.

Institutional Trading of Element Solutions

A number of hedge funds have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC purchased a new position in Element Solutions during the second quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its holdings in shares of Element Solutions by 154.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after acquiring an additional 678 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Element Solutions by 710.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after acquiring an additional 1,129 shares in the last quarter. Community Bank N.A. acquired a new position in shares of Element Solutions in the third quarter worth $33,000. Finally, American National Bank & Trust purchased a new stake in shares of Element Solutions during the second quarter worth $36,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.