Corient Private Wealth LLC Makes New Investment in Solstice Advanced Mat $SOLS

Corient Private Wealth LLC purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel reports. The firm purchased 92,831 shares of the company’s stock, valued at approximately $4,444,000.

Other institutional investors also recently bought and sold shares of the company. Westerkirk Capital Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth $26,000. Heritage Wealth Advisors purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $27,000.

Analysts Set New Price Targets

SOLS has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. UBS Group raised their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Stock Performance

SOLS stock opened at $82.69 on Friday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The firm has a market cap of $13.13 billion and a price-to-earnings ratio of 92.91. The business’s fifty day simple moving average is $83.00 and its two-hundred day simple moving average is $71.87. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Solstice Advanced Mat Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.