TD Private Client Wealth LLC Takes $27,000 Position in Element Solutions Inc (NYSE:ESI)

TD Private Client Wealth LLC purchased a new position in shares of Element Solutions Inc (NYSE:ESI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,058 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors have also added to or reduced their stakes in ESI. True Wealth Design LLC bought a new position in shares of Element Solutions during the 3rd quarter worth approximately $25,000. First Horizon Advisors Inc. increased its position in shares of Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after acquiring an additional 971 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust bought a new stake in Element Solutions during the fourth quarter worth $48,000. Finally, UMB Bank n.a. boosted its position in Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Element Solutions

In other 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 directly owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.90% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI opened at $24.71 on Thursday. The firm has a market cap of $5.99 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $25.77 and its 200-day moving average is $26.33. Element Solutions Inc has a 12-month low of $23.10 and a 12-month high of $29.78.

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, meeting analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Sell-side analysts predict that Element Solutions Inc will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

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

Analysts Set New Price Targets

ESI has been the subject of several research analyst reports. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays lowered their price objective 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. Truist Financial assumed coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price for the company. Finally, Bank of America reaffirmed a “neutral” rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Four investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.