Element Solutions (NYSE:ESI) Price Target Increased to $28.00 by Analysts at Mizuho

Element Solutions (NYSE:ESI) had its price target boosted by Mizuho from $26.00 to $28.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. UBS Group upped their target price on shares of Element Solutions from $24.00 to $27.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Wolfe Research assumed coverage on shares of Element Solutions in a research note on Friday, March 1st. They issued a peer perform rating on the stock. StockNews.com downgraded shares of Element Solutions from a buy rating to a hold rating in a research note on Thursday, April 11th. TheStreet upgraded shares of Element Solutions from a c+ rating to a b rating in a research note on Tuesday, February 20th. Finally, Barclays upped their target price on shares of Element Solutions from $25.00 to $26.00 and gave the stock an overweight rating in a research note on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $26.00.

Element Solutions Stock Performance

Element Solutions stock opened at $23.13 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43. Element Solutions has a 1-year low of $17.53 and a 1-year high of $25.81. The firm has a market capitalization of $5.60 billion, a P/E ratio of 47.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32. The company’s 50-day moving average is $24.19 and its 200 day moving average is $22.34.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The company had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts forecast that Element Solutions will post 1.4 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.38%. Element Solutions’s dividend payout ratio (DPR) is presently 65.31%.

Insider Transactions at Element Solutions

In other news, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the transaction, the executive vice president now owns 146,297 shares in the company, valued at approximately $3,394,090.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Michael Goralski sold 1,169 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the sale, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Benjamin Gliklich sold 6,579 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $152,632.80. Following the sale, the chief executive officer now directly owns 726,399 shares of the company’s stock, valued at $16,852,456.80. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock valued at $2,255,110 in the last 90 days. 7.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Element Solutions

Several institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of Element Solutions during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC grew its position in shares of Element Solutions by 85.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 608 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after buying an additional 1,278 shares in the last quarter. CWM LLC grew its position in shares of Element Solutions by 95.9% during the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after buying an additional 886 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Element Solutions by 1,585.0% during the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after buying an additional 1,902 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

About Element Solutions

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.