8,771 Shares in Solstice Advanced Mat $SOLS Acquired by Palmer Knight Co

Palmer Knight Co bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,771 shares of the company’s stock, valued at approximately $426,000. Solstice Advanced Mat accounts for 0.2% of Palmer Knight Co’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $893,275,000. UBS Group AG bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $130,269,000. Principal Financial Group Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $36,682,000. Teacher Retirement System of Texas acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $22,277,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $20,987,000.

Solstice Advanced Mat Stock Up 3.1%

Shares of SOLS opened at $83.56 on Wednesday. The business’s 50-day simple moving average is $77.33. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $13.27 billion and a PE ratio of 321.38. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.99.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. 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 2.66 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued 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 is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 115.38%.

Analysts Set New Price Targets

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