E Stanley Oneal Sells 143,564 Shares of Element Solutions (NYSE:ESI) Stock

Element Solutions Inc. (NYSE:ESI) Director E Stanley Oneal sold 143,564 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $35.52, for a total value of $5,099,393.28. Following the completion of the transaction, the director directly owned 147,832 shares in the company, valued at $5,250,992.64. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Element Solutions Trading Down 1.8%

Shares of ESI stock opened at $35.07 on Friday. Element Solutions Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $37.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.00 and a current ratio of 3.68. The stock has a 50 day simple moving average of $29.68 and a two-hundred day simple moving average of $27.22. The company has a market cap of $8.54 billion, a P/E ratio of 44.39, a PEG ratio of 1.60 and a beta of 1.28.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $676.20 million during the quarter, compared to the consensus estimate of $632.40 million. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts forecast that Element Solutions Inc. will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. Element Solutions’s payout ratio is 40.51%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of Element Solutions in a research report on Monday, February 23rd. CJS Securities upgraded Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Mizuho increased their target price on Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, BMO Capital Markets boosted their price target on shares of Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $35.75.

Institutional Investors Weigh In On Element Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in Element Solutions by 16.4% during the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after acquiring an additional 345 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Element Solutions by 0.3% during the fourth quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock valued at $3,146,000 after purchasing an additional 355 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Element Solutions by 0.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 51,200 shares of the company’s stock worth $1,289,000 after purchasing an additional 400 shares during the last quarter. Quarry LP boosted its holdings in Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Element Solutions by 6.2% in the 3rd quarter. Versant Capital Management Inc now owns 7,415 shares of the company’s stock worth $187,000 after purchasing an additional 433 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Company Profile

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.