Element Solutions Inc (NYSE:ESI) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its holdings in Element Solutions Inc (NYSE:ESI) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,800 shares of the company’s stock after buying an additional 1,300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Element Solutions were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESI. Sei Investments Co. raised its holdings in Element Solutions by 4.6% in the 4th quarter. Sei Investments Co. now owns 387,799 shares of the company’s stock valued at $9,862,000 after acquiring an additional 17,124 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions in the fourth quarter valued at approximately $27,000. Magnetar Financial LLC purchased a new stake in shares of Element Solutions in the fourth quarter valued at approximately $258,000. Xponance Inc. increased its holdings in shares of Element Solutions by 25.7% in the fourth quarter. Xponance Inc. now owns 10,607 shares of the company’s stock valued at $270,000 after purchasing an additional 2,168 shares during the last quarter. Finally, Boston Partners purchased a new position in Element Solutions during the fourth quarter worth approximately $24,169,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on ESI shares. BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays dropped their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Truist Financial assumed coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Stock Performance

NYSE:ESI opened at $25.31 on Monday. Element Solutions Inc has a fifty-two week low of $23.10 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The company has a 50 day moving average price of $25.78 and a 200 day moving average price of $26.34. The stock has a market capitalization of $6.14 billion, a P/E ratio of 24.81, a PEG ratio of 2.30 and a beta of 1.29.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $598.24 million. Equities research analysts forecast that Element Solutions Inc will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Monday, March 3rd. Element Solutions’s payout ratio is 31.37%.

Insider Activity at Element Solutions

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the completion of the transaction, the director now owns 109,100 shares of the company’s stock, valued at $2,847,510. This trade represents a 94.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.90% 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.