Analysts Set Element Solutions Inc (NYSE:ESI) PT at $30.00

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have earned an average rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $30.00.

A number of equities research analysts recently issued reports on ESI shares. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Barclays dropped their target price on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Bank of America restated a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, KeyCorp assumed coverage on Element Solutions in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $29.00 target price for the company.

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Insider Buying and Selling

In other news, Director Martin E. Franklin sold 2,000,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ESI. TD Private Client Wealth LLC bought a new position in shares of Element Solutions during the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new stake in shares of Element Solutions in the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. increased its position in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after buying an additional 971 shares in the last quarter. Trust Co. of Vermont purchased a new position in Element Solutions during the fourth quarter valued at $43,000. Finally, Parkside Financial Bank & Trust purchased a new position in Element Solutions during the fourth quarter valued at $48,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

Shares of NYSE ESI traded down $1.54 during mid-day trading on Friday, hitting $17.84. The company had a trading volume of 952,637 shares, compared to its average volume of 1,791,019. The stock's 50-day moving average price is $24.46 and its 200-day moving average price is $25.90. Element Solutions has a 1 year low of $16.77 and a 1 year high of $29.78. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.30 and a beta of 1.28. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million during the quarter, compared to analysts' expectations of $598.24 million. On average, sell-side analysts forecast that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company 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 1.79%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's payout ratio is presently 31.37%.

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.