Element Solutions Inc (NYSE:ESI) Stake Boosted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in shares of Element Solutions Inc (NYSE:ESI) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,100,853 shares of the company’s stock after purchasing an additional 100,672 shares during the quarter. Element Solutions comprises about 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 15th biggest holding. Segall Bryant & Hamill LLC’s holdings in Element Solutions were worth $53,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Element Solutions in the 3rd quarter valued at about $25,000. TD Private Client Wealth LLC acquired a new position in Element Solutions in the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. grew its holdings in shares of Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after purchasing an additional 971 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of Element Solutions during the 4th quarter worth approximately $43,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $48,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Up 1.5 %

ESI stock opened at $25.60 on Tuesday. The firm’s 50-day moving average is $25.79 and its two-hundred day moving average is $26.34. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. Element Solutions Inc has a 52 week low of $23.10 and a 52 week high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI) last announced its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. On average, analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.90% of the company’s stock.

Analyst Ratings Changes

ESI has been the subject of a number of recent research reports. Bank of America restated a “neutral” rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Truist Financial assumed coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Barclays decreased their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

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.