Element Solutions Inc (NYSE:ESI) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of Element Solutions Inc (NYSE:ESI) by 2.6% in the third quarter, Holdings Channel.com reports. The fund owned 2,399,221 shares of the company’s stock after selling 63,349 shares during the period. Element Solutions makes up about 0.6% of Royce & Associates LP’s holdings, making the stock its 23rd largest holding. Royce & Associates LP’s holdings in Element Solutions were worth $65,163,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Element Solutions during the 2nd quarter valued at about $1,518,000. Capital World Investors purchased a new position in shares of Element Solutions during the 1st quarter worth approximately $44,527,000. Cubist Systematic Strategies LLC purchased a new position in shares of Element Solutions during the 2nd quarter worth approximately $5,668,000. Blue Trust Inc. acquired a new position in shares of Element Solutions during the 2nd quarter worth approximately $613,000. Finally, Clearbridge Investments LLC lifted its stake in Element Solutions by 16.9% in the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock valued at $51,485,000 after buying an additional 298,668 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Barclays raised their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, BMO Capital Markets boosted their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Element Solutions Stock Performance

Shares of ESI opened at $28.24 on Friday. The stock has a market capitalization of $6.84 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The business’s fifty day moving average price is $26.42 and its 200 day moving average price is $25.88. Element Solutions Inc has a 12-month low of $20.17 and a 12-month high of $29.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Element Solutions Inc will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.13%. Element Solutions’s dividend payout ratio (DPR) is 28.83%.

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.