Element Solutions Inc (NYSE:ESI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Element Solutions Inc (NYSE:ESI - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,555,852 shares of the company's stock after acquiring an additional 14,339 shares during the quarter. Geode Capital Management LLC owned 1.47% of Element Solutions worth $90,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. TD Private Client Wealth LLC purchased a new position in Element Solutions during the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its holdings 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 purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Element Solutions in the fourth quarter worth $43,000. Parkside Financial Bank & Trust bought a new stake in Element Solutions during the 4th quarter valued at about $48,000. Finally, UMB Bank n.a. grew its stake in Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company's stock worth $49,000 after purchasing an additional 949 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. KeyCorp cut their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday. BMO Capital Markets raised their price objective 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 raised shares of Element Solutions from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $29.00 to $24.00 in a research report on Tuesday. UBS Group decreased their target price on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Barclays cut their price target on shares of Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $27.88.

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Insiders Place Their Bets

In related 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 value of $52,200,000.00. Following the completion of the transaction, the director now directly owns 109,100 shares in the company, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.90% of the company's stock.

Element Solutions Stock Performance

NYSE ESI traded down $0.04 on Tuesday, hitting $18.83. 1,369,230 shares of the company's stock traded hands, compared to its average volume of 1,817,991. The firm's 50-day moving average price is $24.05 and its two-hundred day moving average price is $25.73. The firm has a market capitalization of $4.57 billion, a PE ratio of 18.46, 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 Inc has a 1-year low of $16.77 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company 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%. As a group, analysts expect that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions's payout ratio is presently 31.37%.

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.