198,102 Shares in Solstice Advanced Mat $SOLS Purchased by Capital Research Global Investors

Capital Research Global Investors purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 198,102 shares of the company’s stock, valued at approximately $9,624,000.

Other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $649,000. Nwam LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $1,253,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $4,796,000. Fifth Third Bancorp bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $4,424,000. Finally, Olstein Capital Management L.P. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $2,803,000.

Analyst Ratings Changes

Several brokerages recently weighed in on SOLS. UBS Group boosted their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Vertical Research cut 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. 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, June 5th. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Stock Down 0.2%

NASDAQ:SOLS opened at $80.28 on Wednesday. The firm has a market capitalization of $12.75 billion and a PE ratio of 90.20. The stock has a 50 day moving average of $81.56 and a 200-day moving average of $68.57. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) 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 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 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business 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 dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 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.