Clifford Swan Investment Counsel LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,095 shares of the company’s stock, valued at approximately $636,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $26,000. Hoey Investments Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $27,000. JNBA Financial Advisors bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $29,000. Finally, Motco bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $30,000.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. UBS Group upped their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. BMO Capital Markets upped their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.50.
Solstice Advanced Mat Price Performance
Solstice Advanced Mat stock opened at $81.02 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The stock’s 50 day moving average is $81.33 and its 200-day moving average is $67.85. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $12.87 billion and a price-to-earnings ratio of 91.03.
Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities research analysts expect that Solstice Advanced Mat will post 2.61 EPS for the current year.
Solstice Advanced Mat Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 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.
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