Element Solutions (NYSE:ESI) Price Target Raised to $28.00 at Mizuho

Element Solutions (NYSE:ESI) had its target price lifted by Mizuho from $26.00 to $28.00 in a research note published on Tuesday morning, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other equities analysts have also weighed in on ESI. Wolfe Research began coverage on Element Solutions in a research note on Friday, March 1st. They issued a peer perform rating on the stock. UBS Group increased their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company a buy rating in a research report on Thursday, January 11th. Barclays upped their target price on shares of Element Solutions from $25.00 to $26.00 and gave the company an overweight rating in a research note on Monday, February 26th. StockNews.com lowered Element Solutions from a buy rating to a hold rating in a report on Thursday, April 11th. Finally, TheStreet upgraded Element Solutions from a c+ rating to a b rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $26.00.

Element Solutions Trading Up 0.9 %

Element Solutions stock traded up $0.22 during mid-day trading on Tuesday, hitting $23.82. The stock had a trading volume of 1,007,072 shares, compared to its average volume of 1,332,525. The stock has a market capitalization of $5.77 billion, a PE ratio of 44.11, a P/E/G ratio of 2.02 and a beta of 1.32. Element Solutions has a 12 month low of $17.53 and a 12 month high of $25.81. The company has a current ratio of 3.63, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The stock has a 50-day simple moving average of $24.20 and a two-hundred day simple moving average of $22.39.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The company had revenue of $575.00 million during the quarter, compared to analysts’ expectations of $588.17 million. During the same quarter in the previous year, the company earned $0.30 EPS. Element Solutions’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Element Solutions will post 1.39 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.34%. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Insider Activity at Element Solutions

In other news, EVP Michael Goralski sold 11,604 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total value of $269,212.80. Following the completion of the sale, the executive vice president now directly owns 143,446 shares of the company’s stock, valued at $3,327,947.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Element Solutions news, EVP Michael Goralski sold 11,604 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total value of $269,212.80. Following the transaction, the executive vice president now directly owns 143,446 shares in the company, valued at $3,327,947.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Carey J. Dorman sold 1,410 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $32,712.00. Following the sale, the chief financial officer now owns 177,113 shares of the company’s stock, valued at approximately $4,109,021.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,203 shares of company stock valued at $2,255,110. Insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Element Solutions

A number of institutional investors have recently modified their holdings of ESI. Treasurer of the State of North Carolina grew its position in shares of Element Solutions by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 98,021 shares of the company’s stock worth $1,922,000 after purchasing an additional 500 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Element Solutions by 1.5% during the 4th quarter. Handelsbanken Fonder AB now owns 34,115 shares of the company’s stock worth $789,000 after acquiring an additional 500 shares during the period. Avantax Advisory Services Inc. raised its holdings in Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,721 shares of the company’s stock valued at $364,000 after acquiring an additional 598 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 85.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 608 shares in the last quarter. Finally, Donoghue Forlines LLC increased its position in shares of Element Solutions by 4.3% in the third quarter. Donoghue Forlines LLC now owns 16,866 shares of the company’s stock worth $331,000 after purchasing an additional 691 shares during the period. Institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

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.