IFG Advisory LLC Invests $387,000 in Element Solutions Inc. $ESI

IFG Advisory LLC purchased a new position in shares of Element Solutions Inc. (NYSE:ESI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,494 shares of the company’s stock, valued at approximately $387,000.

Other institutional investors have also recently bought and sold shares of the company. Community Bank N.A. acquired a new stake in Element Solutions during the third quarter worth $33,000. Aster Capital Management DIFC Ltd acquired a new stake in Element Solutions during the third quarter worth $41,000. Johnson Financial Group Inc. acquired a new stake in Element Solutions during the third quarter worth $47,000. Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions during the third quarter worth $49,000. Finally, Quarry LP boosted its stake 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 buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of recent research reports. KeyCorp lifted their price target on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Seaport Research Partners reiterated a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a research note on Wednesday, May 20th. Finally, UBS Group lifted their price target on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Element Solutions presently has a consensus rating of “Buy” and a consensus price target of $39.57.

Element Solutions Stock Down 0.1%

Shares of NYSE ESI opened at $42.40 on Monday. The stock has a market cap of $10.33 billion, a PE ratio of 68.39, a PEG ratio of 1.48 and a beta of 1.25. The business has a fifty day moving average of $38.72 and a two-hundred day moving average of $32.31. Element Solutions Inc. has a 52-week low of $20.80 and a 52-week high of $45.51. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business’s revenue was up 41.5% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. As a group, equities research analysts expect that Element Solutions Inc. will post 1.78 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) 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.