Element Solutions Inc (NYSE:ESI) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its stake in Element Solutions Inc (NYSE:ESI) by 5.6% during the third quarter, Holdings Channel reports. The firm owned 215,914 shares of the company’s stock after purchasing an additional 11,520 shares during the period. Raymond James & Associates’ holdings in Element Solutions were worth $5,864,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Element Solutions by 243.1% during the first quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after purchasing an additional 72,145 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Element Solutions in the 1st quarter worth approximately $863,000. BNP Paribas Financial Markets grew its position in Element Solutions by 79.2% in the first quarter. BNP Paribas Financial Markets now owns 15,625 shares of the company’s stock valued at $390,000 after acquiring an additional 6,908 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Element Solutions during the first quarter valued at approximately $341,000. Finally, QRG Capital Management Inc. lifted its position in shares of Element Solutions by 11.1% during the first quarter. QRG Capital Management Inc. now owns 10,591 shares of the company’s stock worth $265,000 after purchasing an additional 1,060 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Down 1.9 %

Shares of Element Solutions stock opened at $27.10 on Friday. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $26.01 and a 200 day moving average price of $25.58. Element Solutions Inc has a fifty-two week low of $17.76 and a fifty-two week high of $28.68. The firm has a market cap of $6.56 billion, a P/E ratio of 50.18, a P/E/G ratio of 1.53 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same period in the prior year, the company posted $0.36 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that Element Solutions Inc will post 1.43 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ESI. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays raised their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average target price of $31.00.

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.