Element Solutions Inc (NYSE:ESI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in Element Solutions Inc (NYSE:ESI - Free Report) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,466,048 shares of the company's stock after selling 595,228 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.74% of Element Solutions worth $310,957,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ESI. SG Americas Securities LLC acquired a new stake in Element Solutions during the second quarter worth approximately $1,518,000. Capital World Investors purchased a new stake in Element Solutions in the first quarter valued at $44,527,000. Blue Trust Inc. acquired a new position in Element Solutions in the second quarter valued at $613,000. Principal Financial Group Inc. grew its holdings in shares of Element Solutions by 243.1% during the first quarter. Principal Financial Group Inc. now owns 101,819 shares of the company's stock worth $2,543,000 after purchasing an additional 72,145 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Element Solutions by 7.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,762,392 shares of the company's stock worth $40,782,000 after purchasing an additional 118,237 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

NYSE ESI traded down $0.46 during trading hours on Wednesday, hitting $25.23. 1,637,595 shares of the stock were exchanged, compared to its average volume of 1,359,771. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Element Solutions Inc has a 12-month low of $17.57 and a 12-month high of $28.68. The stock has a 50-day moving average of $26.10 and a 200 day moving average of $25.23.

Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. During the same period in the prior year, the business posted $0.31 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. Element Solutions's payout ratio is currently 59.26%.

Analysts Set New Price Targets

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

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.