Element Solutions Inc. Announces Quarterly Dividend of $0.08 (NYSE:ESI)

Element Solutions Inc. (NYSE:ESI) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.08 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

Element Solutions has increased its dividend payment by an average of 0.4%per year over the last three years. Element Solutions has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Element Solutions to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.6%.

Element Solutions Stock Up 2.6%

Shares of ESI opened at $40.50 on Thursday. The firm has a market cap of $9.87 billion, a P/E ratio of 65.33, a P/E/G ratio of 1.38 and a beta of 1.27. The stock has a 50 day simple moving average of $37.30 and a two-hundred day simple moving average of $31.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions has a 1 year low of $20.80 and a 1 year high of $45.51.

Element Solutions (NYSE:ESI) last issued its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million during the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.Element Solutions’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, analysts forecast that Element Solutions will post 1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director E Stanley Oneal sold 143,564 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the completion of the transaction, the director owned 147,832 shares in the company, valued at $5,250,992.64. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Element Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. raised its holdings in shares of Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Element Solutions during the fourth quarter valued at approximately $28,000. Community Bank N.A. bought a new position in shares of Element Solutions during the third quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd bought a new position in shares of Element Solutions during the third quarter valued at approximately $41,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Element Solutions during the third quarter valued at approximately $47,000. Institutional investors own 92.32% of the company’s stock.

About Element Solutions

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.