6 days Ago By ABMN Staff
Franklin Resources Inc. grew its position in Element Solutions Inc ( NYSE:ESI – Free Report ) by 56.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 62,348 shares of the company’s stock after purchasing an additional 22,440 shares during the period. Franklin Resources Inc.’s holdings in Element Solutions were worth $1,586,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc.
grew its position in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc.
now owns 1,130 shares of the company’s stock worth $29,000 after acquiring an additional 971 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Element Solutions during the 4th quarter worth $43,000.
Parkside Financial Bank & Trust bought a new position in shares of Element Solutions during the 4th quarter valued at $48,000. Finally, UMB Bank n.a.
raised its holdings in shares of Element Solutions by 98.8% during the 4th quarter. UMB Bank n.
a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares in the last quarter. 92.
32% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In ESI has been the topic of several recent research reports. Barclays cut their target price on Element Solutions from $32.
00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Truist Financial raised Element Solutions from a “hold” rating to a “buy” rating and cut their price objective for the company from $28.
00 to $24.00 in a research note on Monday. StockNews.
com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. KeyCorp dropped their price target on shares of Element Solutions from $29.00 to $28.
00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Bank of America reaffirmed a “neutral” rating and set a $28.00 price objective (down from $32.
00) on shares of Element Solutions in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $29.
38. Element Solutions Stock Up 3.3 % ESI opened at $18.
86 on Tuesday. The business has a 50 day moving average of $24.05 and a 200-day moving average of $25.
73. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.
49, a P/E/G ratio of 2.30 and a beta of 1.28.
The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.
76. Element Solutions Inc has a 1-year low of $16.77 and a 1-year high of $29.
78. Element Solutions ( NYSE:ESI – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.
35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a net margin of 9.
94% and a return on equity of 14.68%. The company had revenue of $624.
20 million for the quarter, compared to analyst estimates of $598.24 million. As a group, sell-side analysts anticipate that Element Solutions Inc will post 1.
45 earnings per share for the current year. Element Solutions Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.
08 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.
32 dividend on an annualized basis and a dividend yield of 1.70%. Element Solutions’s dividend payout ratio is currently 31.
37%. Insider Transactions at Element Solutions In other news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th.
The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00.
Following the completion of the transaction, the director now directly owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. This trade represents a 94.83 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . 7.90% of the stock is owned by insiders.
Element Solutions Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding ESI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Element Solutions Inc ( NYSE:ESI – Free Report ). Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.
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