Element Solutions (NYSE:ESI) Lowered to Hold Rating by Mizuho

Mizuho lowered shares of Element Solutions (NYSE:ESI) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. UBS Group upped their price objective on Element Solutions to $52.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Truist Financial raised their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. BMO Capital Markets lifted their target price on Element Solutions from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Element Solutions currently has a consensus rating of “Buy” and an average target price of $43.00.

Element Solutions Trading Down 3.9%

Shares of ESI opened at $39.07 on Tuesday. The stock has a market capitalization of $9.52 billion, a PE ratio of 63.01, a P/E/G ratio of 1.42 and a beta of 1.23. The company’s fifty day moving average is $42.86 and its 200 day moving average is $36.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. Element Solutions has a fifty-two week low of $22.63 and a fifty-two week high of $49.25.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business had revenue of $840.00 million during the quarter, compared to analyst estimates of $710.51 million. During the same quarter last year, the business earned $0.34 earnings per share. Element Solutions’s quarterly revenue was up 41.5% compared to the same quarter last year. Sell-side analysts expect that Element Solutions will post 1.79 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after buying an additional 1,298,273 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Element Solutions by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after acquiring an additional 228,416 shares in the last quarter. State Street Corp lifted its stake in Element Solutions by 1.2% in the fourth quarter. State Street Corp now owns 7,161,586 shares of the company’s stock worth $178,968,000 after acquiring an additional 83,033 shares during the period. Invesco Ltd. lifted its stake in Element Solutions by 43.6% in the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after acquiring an additional 2,146,512 shares during the period. Finally, FIL Ltd grew its holdings in Element Solutions by 13.9% during the 4th quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock worth $127,183,000 after acquiring an additional 621,448 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

About Element Solutions

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.