Shares of Element Solutions Inc (NYSE:ESI – Get Free Report) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $30.14.
A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Truist Financial started coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. 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 report on Monday, December 16th. Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th.
Get Our Latest Stock Analysis on ESI
Element Solutions Stock Up 1.9 %
Element Solutions (NYSE:ESI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. As a group, sell-side analysts anticipate that Element Solutions will post 1.45 earnings per share for the current year.
Element Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio is currently 31.37%.
Hedge Funds Weigh In On Element Solutions
A number of hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in shares of Element Solutions in the 3rd quarter worth about $25,000. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions during the 4th quarter valued at about $27,000. Park Square Financial Group LLC acquired a new stake in Element Solutions during the fourth quarter worth about $28,000. First Horizon Advisors Inc. lifted its holdings in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after acquiring an additional 971 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in Element Solutions in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.32% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Element Solutions
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Can TikTok Stock Picks Really Make You Rich?
- High Flyers: 3 Natural Gas Stocks for March 2022
- The “Quality” Rotation: Back to Basics Investing
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.