Barrow Hanley Mewhinney & Strauss LLC Sells 87,613 Shares of Element Solutions Inc (NYSE:ESI)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Element Solutions Inc (NYSE:ESI) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,004,392 shares of the company’s stock after selling 87,613 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Element Solutions were worth $127,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ilex Capital Partners UK LLP grew its holdings in Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $67,085,000 after acquiring an additional 1,529,607 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock worth $43,983,000 after buying an additional 1,369,981 shares during the last quarter. Boston Partners purchased a new position in shares of Element Solutions in the 4th quarter valued at approximately $24,169,000. Appian Way Asset Management LP purchased a new position in shares of Element Solutions in the third quarter worth $14,553,000. Finally, Raymond James Financial Inc. purchased a new position in Element Solutions in the 4th quarter worth $13,573,000. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Down 2.7 %

Shares of ESI opened at $22.96 on Friday. Element Solutions Inc has a twelve month low of $22.71 and a twelve month high of $29.78. The firm has a market capitalization of $5.57 billion, a P/E ratio of 22.51, a PEG ratio of 2.30 and a beta of 1.29. The firm’s 50-day moving average is $25.67 and its two-hundred day moving average is $26.31. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI) last announced its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. On average, research analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio is presently 31.37%.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares of the company’s stock, valued at $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ESI has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Truist Financial initiated coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective on the stock. Bank of America restated a “neutral” rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, Barclays reduced their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions 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.