Key Points
- Director E. Stanley Oneal sold 143,564 shares at an average price of $35.52 for a total of $5,099,393.28, leaving him with 147,832 shares — a 49.27% reduction in his position.
- Element Solutions beat quarterly expectations with $0.37 EPS vs. $0.36 est. and revenue of $676.2M (vs. $632.4M expected), with revenue up 8.3% year-over-year.
- The company announced a quarterly dividend of $0.08 (annualized $0.32, 0.9% yield; ex-dividend March 2), and analysts hold a consensus "Buy" rating with an average price target of $35.75.
Element Solutions Inc. (NYSE:ESI - Get Free Report) Director E Stanley Oneal sold 143,564 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the completion of the transaction, the director directly owned 147,832 shares of the company's stock, valued at $5,250,992.64. This represents a 49.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Element Solutions Stock Down 1.8%
Element Solutions stock opened at $35.07 on Friday. The firm has a market capitalization of $8.54 billion, a P/E ratio of 44.39, a P/E/G ratio of 1.63 and a beta of 1.28. The company has a current ratio of 3.68, a quick ratio of 3.00 and a debt-to-equity ratio of 0.60. Element Solutions Inc. has a twelve month low of $16.77 and a twelve month high of $37.74. The stock's fifty day simple moving average is $29.68 and its 200-day simple moving average is $27.20.
Element Solutions (NYSE:ESI - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $676.20 million during the quarter, compared to analysts' expectations of $632.40 million. Element Solutions had a return on equity of 13.79% and a net margin of 7.48%.Element Solutions's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. As a group, equities analysts expect that Element Solutions Inc. will post 1.45 earnings per share for the current fiscal year.
Element Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions's dividend payout ratio (DPR) is 40.51%.
Institutional Investors Weigh In On Element Solutions
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its position in shares of Element Solutions by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company's stock worth $277,889,000 after acquiring an additional 1,298,273 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Element Solutions by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company's stock worth $212,053,000 after purchasing an additional 228,416 shares during the period. State Street Corp boosted its stake in Element Solutions by 1.2% during the 4th quarter. State Street Corp now owns 7,161,586 shares of the company's stock worth $178,968,000 after purchasing an additional 83,033 shares during the period. Invesco Ltd. grew its position in Element Solutions by 43.6% during the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company's stock worth $176,660,000 after purchasing an additional 2,146,512 shares during the last quarter. Finally, FIL Ltd increased its stake in Element Solutions by 13.9% in the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company's stock valued at $127,183,000 after purchasing an additional 621,448 shares during the period. Hedge funds and other institutional investors own 92.32% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on ESI shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $37.00 price objective on shares of Element Solutions in a research report on Monday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Element Solutions in a research report on Wednesday, January 21st. CJS Securities raised Element Solutions to a "strong-buy" rating in a research report on Thursday, December 11th. BMO Capital Markets increased their price target on shares of Element Solutions from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, February 18th. Finally, KeyCorp boosted their price objective on shares of Element Solutions from $34.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $35.75.
Get Our Latest Stock Analysis on Element Solutions
About Element Solutions
(
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Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
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