Element Solutions Inc. (ESI) To Go Ex-Dividend on March 2nd

Element Solutions Inc. (NYSE:ESI) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.08 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 2nd.

Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 19.4%.

Element Solutions Stock Performance

NYSE ESI opened at $32.39 on Thursday. The company has a quick ratio of 3.28, a current ratio of 4.05 and a debt-to-equity ratio of 0.61. Element Solutions has a twelve month low of $16.77 and a twelve month high of $32.85. The business has a 50-day moving average price of $27.70 and a 200-day moving average price of $26.32. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.37 and a beta of 1.28.

Insider Activity

In other news, insider Matthew Liebowitz sold 37,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.60, for a total value of $984,200.00. Following the sale, the insider owned 117,393 shares of the company’s stock, valued at approximately $3,122,653.80. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Walnut Level Capital LLC bought a new position in shares of Element Solutions during the second quarter valued at approximately $1,812,000. Vest Financial LLC lifted its holdings in Element Solutions by 126.1% during the third quarter. Vest Financial LLC now owns 115,531 shares of the company’s stock worth $2,908,000 after buying an additional 64,433 shares during the period. World Investment Advisors bought a new stake in Element Solutions during the 3rd quarter valued at $1,185,000. Castleark Management LLC increased its holdings in shares of Element Solutions by 135.5% in the 2nd quarter. Castleark Management LLC now owns 237,310 shares of the company’s stock valued at $5,375,000 after acquiring an additional 136,540 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Element Solutions by 146.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 108,930 shares of the company’s stock worth $2,742,000 after acquiring an additional 64,718 shares in the last quarter. 92.32% of the stock is currently owned by 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.