T. Rowe Price Investment Management Reduces $103M in Element Solutions Inc ($ESI)
T. Rowe Price trimmed its holdings in Element Solutions by 18.8%, filing reveals.
Key Points
- T. Rowe Price cut its position in Element Solutions by 18.8%, reducing its shares to 9,024,523 as of the latest filing.
- Element Solutions trades near $45.97 with a market cap of $11.2 billion and a forward P/E of 22.4.
- Analysts maintain a positive outlook on Element Solutions, with UBS and Truist Securities setting price targets of $52 and $47, respectively.
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T. Rowe Price Investment Management has reduced its position in Element Solutions Inc (NYSE:ESI) by 18.8%, according to its latest 13F filing with the SEC. The firm sold 2,095,476 shares, bringing its total holdings to 9,024,523 shares valued at approximately $414.9 million as of the reporting period.
T. Rowe Price Investment Management vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in T. Rowe Price's Element Solutions Position
T. Rowe Price trimmed its stake in Element Solutions from 11,119,999 shares to 9,024,523 shares, a decrease of 18.8%. This reduction represents a sale of 2,095,476 shares and results in a holding valued at about $414.9 million.
Other Institutional Activity in Element Solutions
BlackRock, Inc. increased its holdings by 694,032 shares, resulting in a total of 27,253,273 shares valued at approximately $930.4 million. FMR LLC added 3,361,868 shares, ending with 20,686,175 shares worth about $706.2 million. Vanguard Portfolio Management LLC established a new position with 13,663,065 shares valued at $466.5 million. Invesco Ltd. boosted its stake by 1,922,224 shares, holding 8,991,462 shares valued at $306.9 million.
Element Solutions Inc Stock Up 38.4%
Shares of Element Solutions Inc (NYSE:ESI) are trading around $45.97. The company has a market capitalization of $11.2 billion and a forward P/E ratio of 22.4. Its beta is 1.259, indicating slightly higher volatility compared to the market. The stock's 52-week range is between $21.28 and $46.72, with a 50-day moving average of $41.41 and a 200-day moving average of $31.68.
$ESI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Element Solutions reported revenue of approximately $2.8 billion, reflecting a growth rate of 41.5%. The company's net margin stands at 5.3%, with a return on equity of 5.6%. The next earnings release is scheduled for July 30, 2026.
Insider Buying and Selling at Element Solutions Inc
Recent insider activity at Element Solutions includes sales by Ian Ashken and Stanley Oneal, each selling 6,539 shares on May 4, 2026. On the same day, Elyse Napoli Filon and Susan Sofronas purchased 6,539 shares each. Stanley Oneal also bought an additional 3,272 shares.
Analysts Set New Price Targets
On April 30, 2026, UBS maintained its 'buy' rating on Element Solutions, setting a price target of $52. Truist Securities also maintained a 'buy' rating with a $47 price target. The consensus target price for the stock is $47.3, based on 10 analyst opinions.
About Element Solutions Inc
Element Solutions Inc is a specialty chemicals company based in Miami Beach, Florida. It operates through two segments: MacDermid Alpha Electronics Solutions and Element Specialties. The company provides products and solutions for industries such as mobile communications, automotive, aerospace, and oil and gas. Led by CEO Benjamin Gliklich, Element Solutions employs about 5,200 people globally.
Bottom Line
T. Rowe Price's decision to cut its stake in Element Solutions by nearly 19% is noteworthy, reflecting a shift in its investment strategy. Investors often monitor 13F filings to gauge institutional sentiment, although these filings are backward-looking and may not reflect current positions. Element Solutions continues to attract attention due to its market position and analyst optimism, making it a stock to watch.
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