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

Element Solutions (NYSE:ESI) had its price objective hoisted by Mizuho from $26.00 to $28.00 in a report issued on Tuesday morning, Benzinga reports. Mizuho currently has a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Barclays lifted their target price on shares of Element Solutions from $25.00 to $26.00 and gave the stock an overweight rating in a research note on Monday, February 26th. UBS Group boosted their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the company a buy rating in a report on Thursday, January 11th. The Goldman Sachs Group raised their target price on Element Solutions from $22.00 to $26.00 and gave the stock a neutral rating in a research note on Tuesday, March 5th. StockNews.com downgraded Element Solutions from a buy rating to a hold rating in a research note on Thursday, April 11th. Finally, TheStreet raised Element Solutions from a c+ rating to a b rating in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of Moderate Buy and a consensus target price of $26.00.

Element Solutions Stock Up 0.9 %

Shares of ESI traded up $0.22 during midday trading on Tuesday, hitting $23.82. 1,007,072 shares of the company’s stock traded hands, compared to its average volume of 1,332,525. 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 market capitalization of $5.77 billion, a price-to-earnings ratio of 44.11, a price-to-earnings-growth ratio of 2.02 and a beta of 1.32. Element Solutions has a 1 year low of $17.53 and a 1 year high of $25.81. The firm’s fifty day moving average is $24.20 and its 200-day moving average is $22.39.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. As a group, sell-side analysts anticipate that Element Solutions will post 1.39 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, February 29th. Element Solutions’s dividend payout ratio is currently 59.26%.

Insider Activity

In other Element Solutions news, CEO Benjamin Gliklich sold 6,579 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $152,632.80. Following the sale, the chief executive officer now directly owns 726,399 shares of the company’s stock, valued at $16,852,456.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Carey J. Dorman sold 1,410 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $32,712.00. Following the completion of the transaction, the chief financial officer now directly owns 177,113 shares in the company, valued at approximately $4,109,021.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Benjamin Gliklich sold 6,579 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $152,632.80. Following the transaction, the chief executive officer now directly owns 726,399 shares of the company’s stock, valued at approximately $16,852,456.80. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock worth $2,255,110 in the last ninety days. Company insiders own 7.90% of the company’s stock.

Institutional Trading of Element Solutions

A number of large investors have recently modified their holdings of ESI. EverSource Wealth Advisors LLC increased its position in shares of Element Solutions by 85.6% during the third 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. Richardson Financial Services Inc. purchased a new position in Element Solutions in the fourth quarter valued at about $27,000. SRS Capital Advisors Inc. boosted its position in Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after purchasing an additional 1,278 shares in the last quarter. CWM LLC grew its stake in Element Solutions by 95.9% in the 4th quarter. CWM LLC now owns 1,810 shares of the company’s stock valued at $42,000 after acquiring an additional 886 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after acquiring an additional 1,902 shares during the last quarter. Hedge funds and other 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.