D L Carlson Investment Group Inc. Invests $2.74 Million in Element Solutions Inc. $ESI

D L Carlson Investment Group Inc. acquired a new stake in Element Solutions Inc. (NYSE:ESI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,403 shares of the company’s stock, valued at approximately $2,741,000.

A number of other hedge funds have also made changes to their positions in ESI. Assetmark Inc. raised its holdings in Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Element Solutions during the 4th quarter valued at $28,000. Trust Co. of Vermont acquired a new position in shares of Element Solutions during the 2nd quarter valued at $81,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Element Solutions during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

ESI has been the topic of a number of research reports. Mizuho reissued a “neutral” rating and issued a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Truist Financial raised their target price on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. UBS Group lifted their target price on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research report on Friday, August 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $43.50.

Element Solutions Trading Down 1.6%

Element Solutions stock opened at $35.59 on Friday. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 48.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26. Element Solutions Inc. has a 1 year low of $22.86 and a 1 year high of $49.25. The firm’s 50 day moving average price is $40.59 and its two-hundred day moving average price is $38.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The company’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, research analysts predict that Element Solutions Inc. will post 1.81 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s dividend payout ratio is currently 43.24%.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.