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

Element Solutions (NYSE:ESI) had its price target upped by Mizuho from $26.00 to $28.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. TheStreet raised Element Solutions from a c+ rating to a b rating in a research note on Tuesday, February 20th. Wolfe Research began coverage on shares of Element Solutions in a research report on Friday, March 1st. They set a peer perform rating for the company. StockNews.com lowered shares of Element Solutions from a buy rating to a hold rating in a report on Thursday, April 11th. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $22.00 to $26.00 and gave the stock a neutral rating in a research report on Tuesday, March 5th. Finally, Barclays upped their price target on Element Solutions from $25.00 to $26.00 and gave the stock an overweight rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $26.00.

Element Solutions Stock Up 0.9 %

NYSE ESI opened at $23.82 on Tuesday. The business’s fifty day simple moving average is $24.20 and its 200-day simple moving average is $22.39. The company has a quick ratio of 2.43, a current ratio of 3.63 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.77 billion, a PE ratio of 44.11, a P/E/G ratio of 2.02 and a beta of 1.32. Element Solutions has a 52 week low of $17.53 and a 52 week high of $25.81.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, April 29th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The company had revenue of $575.00 million for the quarter, compared to the consensus estimate of $588.17 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Element Solutions’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Element Solutions will post 1.39 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, February 29th. Element Solutions’s dividend payout ratio is currently 59.26%.

Insider Activity

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the company’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 sale, the executive vice president now owns 146,297 shares in the company, valued at approximately $3,394,090.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of Element Solutions stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the sale, the chief executive officer now directly owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Goralski sold 1,169 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares in the company, valued at approximately $3,394,090.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,203 shares of company stock worth $2,255,110. Corporate insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Element Solutions

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 608 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in Element Solutions during the 4th quarter worth $27,000. SRS Capital Advisors Inc. raised its stake in Element Solutions by 370.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after acquiring an additional 1,278 shares in the last quarter. CWM LLC lifted its position in Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock valued at $42,000 after acquiring an additional 886 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock valued at $47,000 after acquiring an additional 1,902 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.