Raymond James Financial Inc. Invests $13.57 Million in Element Solutions Inc (NYSE:ESI)

Raymond James Financial Inc. bought a new position in Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 533,729 shares of the company's stock, valued at approximately $13,573,000. Raymond James Financial Inc. owned about 0.22% of Element Solutions at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in Element Solutions by 0.8% during the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after acquiring an additional 545 shares during the last quarter. Equitable Trust Co. increased its stake in Element Solutions by 1.7% during the fourth quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock worth $867,000 after acquiring an additional 576 shares during the last quarter. Forte Capital LLC ADV increased its stake in Element Solutions by 6.9% during the fourth quarter. Forte Capital LLC ADV now owns 12,800 shares of the company's stock worth $326,000 after acquiring an additional 830 shares during the last quarter. True Wealth Design LLC bought a new stake in Element Solutions during the third quarter worth approximately $25,000. Finally, Richardson Financial Services Inc. increased its stake in Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company's stock worth $53,000 after acquiring an additional 911 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

Element Solutions Trading Down 3.5 %

Shares of NYSE ESI traded down $0.92 during trading hours on Friday, reaching $25.31. The stock had a trading volume of 43,400,879 shares, compared to its average volume of 1,589,825. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.30 and a beta of 1.29. The business's fifty day moving average price is $25.78 and its two-hundred day moving average price is $26.34. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78.

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Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly 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 firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. Analysts expect that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions's dividend payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ESI. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. StockNews.com lowered Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. BMO Capital Markets boosted their target price 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 restated a "neutral" rating and set a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, Truist Financial began coverage on Element Solutions in a research report on Tuesday, January 28th. They set a "hold" rating and a $28.00 target price for the company. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

Insiders Place Their Bets

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is owned by company insiders.

Element Solutions Company 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.