Point72 DIFC Ltd Takes $781,000 Position in Element Solutions Inc (NYSE:ESI)

Point72 DIFC Ltd purchased a new stake in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 28,813 shares of the company's stock, valued at approximately $781,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ESI. Richardson Financial Services Inc. acquired a new stake in shares of Element Solutions during the fourth quarter valued at about $27,000. Assetmark Inc. boosted its position in Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company's stock worth $47,000 after buying an additional 1,902 shares during the period. LRI Investments LLC bought a new stake in Element Solutions during the 1st quarter worth approximately $78,000. EverSource Wealth Advisors LLC increased its position in Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock valued at $82,000 after acquiring an additional 864 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after acquiring an additional 3,212 shares during the last quarter. Institutional investors own 92.32% of the company's stock.

Analyst Ratings Changes

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

Element Solutions Stock Up 4.0 %

Shares of ESI traded up $1.05 during trading hours on Thursday, reaching $27.04. The stock had a trading volume of 741,018 shares, compared to its average volume of 1,349,151. The firm has a 50-day simple moving average of $25.85 and a 200 day simple moving average of $25.31. Element Solutions Inc has a 12 month low of $17.57 and a 12 month high of $28.68. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 1.37 and a beta of 1.29.

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

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. Element Solutions's dividend payout ratio is presently 59.26%.

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.