Element Solutions Inc. (NYSE:ESI – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be given a dividend of 0.08 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 1st.
Element Solutions has raised its dividend payment by an average of 0.4%per year over the last three years. Element Solutions has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.6%.
Element Solutions Stock Up 2.6%
ESI opened at $40.50 on Thursday. The business’s 50-day simple moving average is $37.30 and its 200-day simple moving average is $31.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. Element Solutions has a one year low of $20.80 and a one year high of $45.51. The stock has a market capitalization of $9.87 billion, a P/E ratio of 65.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27.
Insider Transactions at Element Solutions
In related news, Director E Stanley Oneal sold 143,564 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.52, for a total value of $5,099,393.28. Following the transaction, the director owned 147,832 shares in the company, valued at $5,250,992.64. The trade was a 49.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Element Solutions
Several institutional investors have recently added to or reduced their stakes in ESI. Millennium Management LLC increased its position in Element Solutions by 339.3% in the 1st quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock valued at $10,098,000 after acquiring an additional 344,950 shares during the period. Goldman Sachs Group Inc. increased its position in Element Solutions by 60.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock valued at $42,825,000 after acquiring an additional 712,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Element Solutions by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock valued at $19,726,000 after acquiring an additional 37,204 shares during the period. Focus Partners Wealth acquired a new position in Element Solutions in the 1st quarter valued at about $400,000. Finally, Amundi increased its position in Element Solutions by 258,233.3% in the 2nd quarter. Amundi now owns 93,000 shares of the company’s stock valued at $2,237,000 after acquiring an additional 92,964 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.
About Element Solutions
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.
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