Royce & Associates LP Boosts Stock Holdings in Element Solutions Inc (NYSE:ESI)

Royce & Associates LP boosted its stake in shares of Element Solutions Inc (NYSE:ESI) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,440,533 shares of the company’s stock after acquiring an additional 41,312 shares during the period. Element Solutions comprises approximately 0.6% of Royce & Associates LP’s holdings, making the stock its 27th biggest holding. Royce & Associates LP’s holdings in Element Solutions were worth $62,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Element Solutions during the third quarter worth approximately $25,000. First Horizon Advisors Inc. raised its stake in Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after purchasing an additional 971 shares during the period. Trust Co. of Vermont purchased a new position in Element Solutions during the fourth quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new position in shares of Element Solutions in the 4th quarter valued at $48,000. Finally, UMB Bank n.a. raised its stake in shares of Element Solutions by 98.8% in the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after acquiring an additional 949 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Element Solutions Stock Up 3.7 %

ESI stock opened at $26.17 on Friday. Element Solutions Inc has a 52 week low of $23.10 and a 52 week high of $29.78. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The firm’s 50-day moving average is $25.72 and its two-hundred day moving average is $26.35. 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 quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. On average, analysts forecast that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. Element Solutions’s dividend payout ratio is currently 31.37%.

Element Solutions Company Profile

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.