Copeland Capital Management LLC Reduces Position in Element Solutions Inc. (NYSE:ESI)

Copeland Capital Management LLC lessened its stake in shares of Element Solutions Inc. (NYSE:ESI) by 22.6% in the first quarter, HoldingsChannel.com reports. The firm owned 2,787 shares of the company’s stock after selling 814 shares during the quarter. Copeland Capital Management LLC’s holdings in Element Solutions were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Element Solutions by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 22,244,795 shares of the company’s stock valued at $565,685,000 after purchasing an additional 249,280 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in shares of Element Solutions by 3.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company’s stock valued at $127,825,000 after acquiring an additional 146,570 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Element Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 3,555,852 shares of the company’s stock valued at $90,456,000 after acquiring an additional 14,339 shares in the last quarter. Locust Wood Capital Advisers LLC raised its holdings in shares of Element Solutions by 11.4% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 3,174,466 shares of the company’s stock valued at $80,727,000 after acquiring an additional 325,297 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company’s stock valued at $74,282,000 after acquiring an additional 1,301,602 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

ESI has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on Element Solutions from $30.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Mizuho upped their target price on Element Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Wall Street Zen downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. UBS Group decreased their target price on Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Bank of America upgraded Element Solutions from a “neutral” rating to a “buy” rating and decreased their target price for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Element Solutions has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Element Solutions Price Performance

ESI opened at $22.84 on Friday. The stock has a fifty day simple moving average of $21.39 and a two-hundred day simple moving average of $23.45. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. Element Solutions Inc. has a 12-month low of $16.77 and a 12-month high of $29.78.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. 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 Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.08 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.40%. Element Solutions’s dividend payout ratio is currently 26.89%.

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.