774,648 Shares in Element Solutions Inc. $ESI Bought by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. purchased a new stake in Element Solutions Inc. (NYSE:ESI) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 774,648 shares of the company’s stock, valued at approximately $26,446,000. Element Solutions makes up about 1.7% of Valley Wealth Managers Inc.’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its position in shares of Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after buying an additional 1,298,273 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Element Solutions by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after acquiring an additional 228,416 shares during the last quarter. State Street Corp increased its stake in Element Solutions by 1.2% in the fourth quarter. State Street Corp now owns 7,161,586 shares of the company’s stock valued at $178,968,000 after acquiring an additional 83,033 shares during the last quarter. Invesco Ltd. raised its position in Element Solutions by 43.6% during the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing an additional 2,146,512 shares in the last quarter. Finally, FIL Ltd lifted its stake in Element Solutions by 13.9% during the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock worth $127,183,000 after purchasing an additional 621,448 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

ESI has been the topic of a number of research analyst reports. UBS Group raised their target price on Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Seaport Research Partners reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. Truist Financial boosted their target price on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Mizuho reissued a “neutral” rating and issued a $45.00 target price (down from $54.00) on shares of Element Solutions in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $43.00.

Element Solutions Price Performance

Element Solutions stock opened at $37.47 on Friday. The stock has a 50-day moving average price of $42.64 and a two-hundred day moving average price of $36.45. Element Solutions Inc. has a 12 month low of $22.63 and a 12 month high of $49.25. The company has a market capitalization of $9.13 billion, a PE ratio of 60.43, a P/E/G ratio of 1.30 and a beta of 1.23. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. Analysts expect that Element Solutions Inc. will post 1.79 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s payout ratio is presently 51.61%.

About Element Solutions

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.