Element Solutions Inc (NYSE:ESI) Shares Purchased by State Street Corp

State Street Corp raised its stake in Element Solutions Inc (NYSE:ESI) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,319,570 shares of the company’s stock after acquiring an additional 230,793 shares during the quarter. State Street Corp owned approximately 1.78% of Element Solutions worth $117,320,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Element Solutions during the 3rd quarter worth about $25,000. Quarry LP purchased a new position in Element Solutions during the second quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC increased its position in shares of Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after buying an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Trading Down 1.9 %

Shares of Element Solutions stock opened at $27.29 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock’s 50 day simple moving average is $27.38 and its 200-day simple moving average is $26.55. The stock has a market cap of $6.61 billion, a P/E ratio of 24.59, a P/E/G ratio of 1.51 and a beta of 1.28. Element Solutions Inc has a 1-year low of $21.42 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, December 2nd. Element Solutions’s payout ratio is currently 28.83%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ESI shares. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. BMO Capital Markets upped their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Two 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. According to MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

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.