Element Solutions Inc (NYSE:ESI) Stock Position Raised by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Element Solutions Inc (NYSE:ESI) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,289,741 shares of the company’s stock after acquiring an additional 676,432 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.19% of Element Solutions worth $143,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ESI. Capital World Investors acquired a new stake in shares of Element Solutions during the 1st quarter worth approximately $44,527,000. Glenview Capital Management LLC lifted its stake in Element Solutions by 35.2% in the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock valued at $87,067,000 after buying an additional 979,798 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Element Solutions by 10,622.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 848,567 shares of the company’s stock valued at $19,636,000 after acquiring an additional 840,653 shares during the period. Schroder Investment Management Group grew its position in shares of Element Solutions by 39.4% during the fourth quarter. Schroder Investment Management Group now owns 1,538,278 shares of the company’s stock worth $35,596,000 after acquiring an additional 434,590 shares during the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of Element Solutions by 493.3% in the 4th quarter. Verition Fund Management LLC now owns 505,167 shares of the company’s stock worth $11,690,000 after acquiring an additional 420,017 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ESI. StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. BMO Capital Markets reiterated an “outperform” rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. UBS Group raised their target price on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. The Goldman Sachs Group lifted their target price on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Finally, Mizuho increased their price target on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Element Solutions Stock Performance

ESI opened at $25.61 on Friday. The business has a 50 day moving average price of $25.97 and a two-hundred day moving average price of $25.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Element Solutions Inc has a 1-year low of $17.57 and a 1-year high of $28.68.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Research analysts predict that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. Element Solutions’s dividend payout ratio is currently 59.26%.

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.