Element Solutions Inc (NYSE:ESI) Director Martin E. Franklin Acquires 135,000 Shares

Element Solutions Inc (NYSE:ESIGet Rating) Director Martin E. Franklin bought 135,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average price of $18.90 per share, with a total value of $2,551,500.00. Following the transaction, the director now owns 1,037,000 shares of the company’s stock, valued at $19,599,300. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Element Solutions Stock Up 2.1 %

ESI stock opened at $19.51 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.33 and a quick ratio of 2.45. The stock has a market capitalization of $4.72 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.17 and a beta of 1.36. The business has a 50-day moving average of $17.50 and a 200-day moving average of $18.70. Element Solutions Inc has a fifty-two week low of $15.31 and a fifty-two week high of $25.26.

Element Solutions (NYSE:ESIGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $618.50 million for the quarter, compared to analyst estimates of $660.69 million. Element Solutions had a return on equity of 14.64% and a net margin of 6.80%. On average, sell-side analysts anticipate that Element Solutions Inc will post 1.41 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.32 annualized dividend and a yield of 1.64%. Element Solutions’s dividend payout ratio (DPR) is presently 44.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho dropped their target price on Element Solutions from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Bank of America dropped their price objective on Element Solutions from $27.00 to $24.00 in a report on Tuesday, October 11th. Morgan Stanley decreased their target price on Element Solutions from $19.00 to $17.50 and set an “equal weight” rating for the company in a research note on Monday, October 31st. The Goldman Sachs Group assumed coverage on Element Solutions in a research note on Thursday, October 13th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Credit Suisse Group assumed coverage on Element Solutions in a research note on Thursday, October 6th. They issued an “underperform” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of “Hold” and a consensus target price of $21.07.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky bought a new stake in Element Solutions in the third quarter valued at approximately $5,306,000. M&T Bank Corp raised its stake in Element Solutions by 6.4% in the third quarter. M&T Bank Corp now owns 71,894 shares of the company’s stock valued at $1,167,000 after buying an additional 4,306 shares during the period. Glenmede Trust Co. NA bought a new stake in Element Solutions in the third quarter valued at approximately $430,000. Advisory Research Inc. raised its stake in Element Solutions by 10.2% in the third quarter. Advisory Research Inc. now owns 454,805 shares of the company’s stock valued at $7,399,000 after buying an additional 42,088 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in Element Solutions by 36.8% in the third quarter. CIBC Private Wealth Group LLC now owns 50,862 shares of the company’s stock valued at $828,000 after buying an additional 13,689 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Element Solutions Company Profile

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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.

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