23,828 Shares in Solstice Advanced Mat $SOLS Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel reports. The firm acquired 23,828 shares of the company’s stock, valued at approximately $1,158,000.

Several other large investors also recently added to or reduced their stakes in SOLS. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat in the 4th quarter worth about $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $27,000. JNBA Financial Advisors purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $29,000. Financial Perspectives Inc purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $35,000. Finally, Peoples Financial Services CORP. bought a new position in Solstice Advanced Mat in the fourth quarter worth approximately $37,000.

Solstice Advanced Mat Price Performance

Shares of SOLS stock opened at $83.56 on Wednesday. The company’s 50-day moving average is $77.33. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $84.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The company has a market capitalization of $13.27 billion and a P/E ratio of 321.38.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, analysts anticipate that Solstice Advanced Mat will post 2.66 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 115.38%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SOLS shares. UBS Group downgraded Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a report on Monday, April 13th. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, January 7th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Finally, Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.00.

About Solstice Advanced Mat

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.