Element Solutions (NYSE:ESI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Element Solutions (NYSE:ESI) from a hold rating to a buy rating in a research note published on Monday.

Other analysts have also recently issued research reports about the company. BMO Capital Markets increased their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. 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. Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company. Finally, Barclays lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.14.

Element Solutions Stock Down 0.6 %

Shares of NYSE:ESI opened at $26.12 on Monday. Element Solutions has a 52-week low of $23.09 and a 52-week high of $29.78. The stock has a market cap of $6.33 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. The business’s 50 day moving average is $25.74 and its 200 day moving average is $26.38. The company has a quick ratio of 2.77, a current ratio of 3.34 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 (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. Sell-side analysts predict that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESI. Raymond James & Associates raised its stake in Element Solutions by 5.6% in the 3rd quarter. Raymond James & Associates now owns 215,914 shares of the company’s stock worth $5,864,000 after acquiring an additional 11,520 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Element Solutions by 306.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,675 shares of the company’s stock worth $127,000 after acquiring an additional 3,525 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Element Solutions by 28.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,183 shares of the company’s stock worth $602,000 after acquiring an additional 4,893 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in Element Solutions by 13.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 290,769 shares of the company’s stock worth $7,897,000 after acquiring an additional 34,362 shares during the last quarter. Finally, US Bancorp DE raised its stake in Element Solutions by 0.9% in the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after acquiring an additional 417 shares during the last quarter. Hedge funds and other institutional investors 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.