Barrow Hanley Mewhinney & Strauss LLC Acquires 676,432 Shares of Element Solutions Inc (NYSE:ESI)

Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) by 14.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of Element Solutions during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in Element Solutions by 51.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company's stock worth $46,000 after acquiring an additional 684 shares in the last quarter. Assetmark Inc. lifted its stake in Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company's stock valued at $47,000 after acquiring an additional 1,902 shares during the last quarter. LRI Investments LLC bought a new position in shares of Element Solutions in the 1st quarter valued at about $78,000. Finally, Quest Partners LLC increased its stake in shares of Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after purchasing an additional 3,212 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESI has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Element Solutions from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, June 24th. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, September 14th. Mizuho increased their price target on Element Solutions from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Wednesday, June 12th. The Goldman Sachs Group raised their price target on Element Solutions from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, June 27th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $30.00 price objective (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Element Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Price Performance

NYSE:ESI traded down $0.22 during trading hours on Friday, hitting $25.61. The company's stock had a trading volume of 1,339,040 shares, compared to its average volume of 963,787. 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 P/E ratio of 47.43, a PEG ratio of 1.38 and a beta of 1.29. Element Solutions Inc has a twelve month low of $17.57 and a twelve month high of $28.68. The stock has a fifty day simple moving average of $25.97 and a 200-day simple moving average of $25.27.

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

Element Solutions Dividend Announcement

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