Equitable Trust Co. Has $867,000 Stock Holdings in Element Solutions Inc (NYSE:ESI)

Equitable Trust Co. boosted its stake in shares of Element Solutions Inc (NYSE:ESI) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,103 shares of the company’s stock after purchasing an additional 576 shares during the period. Equitable Trust Co.’s holdings in Element Solutions were worth $867,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ESI. True Wealth Design LLC acquired a new position in Element Solutions during the third quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in Element Solutions during the fourth quarter valued at approximately $43,000. UMB Bank n.a. boosted its position in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the last quarter. Richardson Financial Services Inc. lifted its position in shares of Element Solutions by 77.5% in the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after buying an additional 911 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Element Solutions in the third quarter valued at approximately $113,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Price Performance

Shares of NYSE ESI opened at $25.34 on Tuesday. The business’s 50 day moving average is $26.05 and its 200-day moving average is $26.33. Element Solutions Inc has a 1-year low of $21.42 and a 1-year high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.14 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Wall Street Analyst Weigh In

ESI has been the subject of a number of recent analyst reports. Truist Financial initiated coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company. BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Barclays cut their price objective on 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 lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Four 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.