Element Solutions (NYSE:ESI) Stock Bumped Up to “Strong-Buy” by Barclays

Barclays upgraded shares of Element Solutions (NYSE:ESI) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks reports.

A number of other equities analysts have also recently commented on ESI. Wolfe Research set a $47.00 target price on shares of Element Solutions in a report on Wednesday, July 29th. William Blair set a $48.00 price target on shares of Element Solutions in a research note on Friday, August 28th. Mizuho lowered their price objective on shares of Element Solutions from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. BMO Capital Markets restated an “outperform” rating and issued a $45.00 price objective on shares of Element Solutions in a research note on Monday, September 21st. Finally, Weiss Ratings lowered shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Four analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $46.18.

Element Solutions Stock Down 3.7%

Element Solutions stock opened at $35.84 on Monday. The company has a market capitalization of $8.73 billion, a P/E ratio of 48.43, a PEG ratio of 1.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. Element Solutions has a fifty-two week low of $22.86 and a fifty-two week high of $49.25. The stock has a 50-day simple moving average of $35.88 and a 200-day simple moving average of $38.85.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%. The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 56.4% compared to the same quarter last year. Equities research analysts expect that Element Solutions will post 1.81 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 1st. Element Solutions’s dividend payout ratio (DPR) is 43.24%.

Institutional Investors Weigh In On Element Solutions

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Element Solutions in the 2nd quarter valued at approximately $27,000. Assetmark Inc. grew its holdings in Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after acquiring an additional 468 shares during the period. Fortitude Family Office LLC grew its holdings in Element Solutions by 373.1% during the third quarter. Fortitude Family Office LLC now owns 932 shares of the company’s stock worth $34,000 after acquiring an additional 735 shares during the period. NewEdge Advisors LLC raised its position in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after acquiring an additional 346 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Element Solutions in the second quarter worth $63,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

About Element Solutions

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company’s Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.