Swiss National Bank Has $12.19 Million Stock Holdings in Element Solutions Inc (NYSE:ESI)

Swiss National Bank trimmed its position in Element Solutions Inc (NYSE:ESI) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 448,889 shares of the company’s stock after selling 4,100 shares during the quarter. Swiss National Bank’s holdings in Element Solutions were worth $12,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESI. Quarry LP acquired a new position in shares of Element Solutions during the second quarter valued at about $31,000. LRI Investments LLC acquired a new position in Element Solutions in the 1st quarter valued at approximately $78,000. EverSource Wealth Advisors LLC lifted its position in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC grew its holdings in shares of Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after purchasing an additional 448 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Element Solutions Stock Up 1.7 %

Shares of NYSE:ESI opened at $29.04 on Friday. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $7.03 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.58 and a beta of 1.29. Element Solutions Inc has a 12 month low of $20.31 and a 12 month high of $29.16. The company’s 50-day moving average price is $26.83 and its two-hundred day moving average price is $26.08.

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

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is presently 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.