Thrivent Financial for Lutherans Purchases 6,546 Shares of Element Solutions Inc (NYSE:ESI)

Thrivent Financial for Lutherans boosted its position in shares of Element Solutions Inc (NYSE:ESI) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,985 shares of the company’s stock after acquiring an additional 6,546 shares during the period. Thrivent Financial for Lutherans’ holdings in Element Solutions were worth $2,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Element Solutions during the 2nd quarter worth approximately $1,518,000. Capital World Investors purchased a new stake in Element Solutions during the 1st quarter valued at approximately $44,527,000. Blue Trust Inc. purchased a new stake in Element Solutions during the 2nd quarter valued at approximately $613,000. Principal Financial Group Inc. grew its holdings in Element Solutions by 243.1% during the 1st quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock valued at $2,543,000 after buying an additional 72,145 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Element Solutions by 16.9% during the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock valued at $51,485,000 after buying an additional 298,668 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

ESI stock opened at $27.01 on Monday. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 1.39 and a beta of 1.29. The firm has a 50-day simple moving average of $25.86 and a two-hundred day simple moving average of $25.35. Element Solutions Inc has a one year low of $17.57 and a one year high of $28.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. Element Solutions’s dividend payout ratio (DPR) is currently 59.26%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ESI. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. UBS Group increased their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Mizuho increased their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $29.40.

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.