TD Private Client Wealth LLC Makes New $27,000 Investment in Element Solutions Inc (NYSE:ESI)

TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions Inc (NYSE:ESI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,058 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds also recently modified their holdings of ESI. True Wealth Design LLC bought a new position in Element Solutions during the 3rd quarter worth $25,000. First Horizon Advisors Inc. increased its stake in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after buying an additional 971 shares during the period. Trust Co. of Vermont bought a new position in shares of Element Solutions during the fourth quarter worth about $43,000. Parkside Financial Bank & Trust acquired a new position in shares of Element Solutions in the fourth quarter worth approximately $48,000. Finally, UMB Bank n.a. boosted its holdings in Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after acquiring an additional 949 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Element Solutions Stock Down 0.8 %

Shares of NYSE:ESI opened at $24.71 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions Inc has a 52-week low of $23.10 and a 52-week high of $29.78. The business’s 50 day simple moving average is $25.77 and its two-hundred day simple moving average is $26.33. The firm has a market cap of $5.99 billion, a P/E ratio of 24.22, a PEG ratio of 2.30 and a beta of 1.29.

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

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s payout ratio is presently 31.37%.

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.