Element Solutions (NYSE:ESI) Price Target Raised to $34.00 at BMO Capital Markets

Element Solutions (NYSE:ESI) had its target price upped by BMO Capital Markets from $32.00 to $34.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented on ESI. Barclays increased their price objective 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. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Element Solutions Trading Down 1.6 %

Shares of ESI opened at $26.84 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. Element Solutions has a 52-week low of $21.42 and a 52-week high of $29.78. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.51 and a beta of 1.28. The business’s fifty day moving average is $27.38 and its 200-day moving average is $26.55.

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

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. Element Solutions’s payout ratio is 28.83%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in Element Solutions by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,061,922 shares of the company’s stock worth $28,799,000 after purchasing an additional 60,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Element Solutions by 16.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,690 shares of the company’s stock worth $1,673,000 after buying an additional 8,491 shares during the last quarter. Signaturefd LLC raised its stake in Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Element Solutions in the second quarter valued at $453,000. Finally, nVerses Capital LLC boosted its position in Element Solutions by 24.6% during the second quarter. nVerses Capital LLC now owns 7,600 shares of the company’s stock valued at $206,000 after acquiring an additional 1,500 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

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.