Elevation Point Wealth Partners LLC Buys Shares of 20,988 Element Solutions Inc. $ESI

Elevation Point Wealth Partners LLC acquired a new stake in Element Solutions Inc. (NYSE:ESI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,988 shares of the company’s stock, valued at approximately $1,002,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after buying an additional 468 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Element Solutions in the 4th quarter valued at $28,000. NewEdge Advisors LLC raised its holdings in shares of Element Solutions by 57.4% in the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Element Solutions during the 3rd quarter worth $47,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Element Solutions during the 3rd quarter worth $49,000. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on ESI shares. Truist Financial upped their target price on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a research note on Tuesday, July 28th. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a report on Tuesday, May 5th. UBS Group upped their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Wolfe Research set a $47.00 price objective on Element Solutions in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $43.50.

Element Solutions Trading Down 1.0%

Shares of ESI stock opened at $34.97 on Tuesday. The business’s fifty day moving average price is $40.21 and its 200 day moving average price is $38.20. Element Solutions Inc. has a 1-year low of $22.86 and a 1-year high of $49.25. The firm has a market capitalization of $8.52 billion, a PE ratio of 47.26, a P/E/G ratio of 1.22 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm’s revenue was up 56.4% on a year-over-year basis. As a group, sell-side analysts forecast that Element Solutions Inc. will post 1.81 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is currently 43.24%.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.