Equitable Trust Co. Purchases 576 Shares of Element Solutions Inc (NYSE:ESI)

Equitable Trust Co. lifted its position in shares of Element Solutions Inc (NYSE:ESI) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,103 shares of the company’s stock after acquiring an additional 576 shares during the quarter. Equitable Trust Co.’s holdings in Element Solutions were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning increased its holdings in Element Solutions by 24.0% in the second quarter. Creative Planning now owns 15,580 shares of the company’s stock valued at $423,000 after purchasing an additional 3,020 shares during the last quarter. CWM LLC increased its holdings in Element Solutions by 633.0% in the third quarter. CWM LLC now owns 15,041 shares of the company’s stock valued at $409,000 after purchasing an additional 12,989 shares during the last quarter. Raymond James & Associates increased its holdings in Element Solutions by 5.6% in the third quarter. Raymond James & Associates now owns 215,914 shares of the company’s stock valued at $5,864,000 after purchasing an additional 11,520 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Element Solutions by 306.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,675 shares of the company’s stock valued at $127,000 after purchasing an additional 3,525 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Element Solutions in the third quarter valued at about $113,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Down 0.1 %

ESI stock opened at $25.34 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock has a market capitalization of $6.14 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.17 and a beta of 1.30. The business has a 50-day moving average of $26.05 and a 200-day moving average of $26.33. Element Solutions Inc has a fifty-two week low of $21.42 and a fifty-two week high of $29.78.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.26%. Element Solutions’s dividend payout ratio is currently 28.83%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ESI shares. BMO Capital Markets upped their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Barclays dropped their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Truist Financial started coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $30.14.

Element Solutions 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.