Rockefeller Capital Management L.P. Takes $2.66 Million Position in Solstice Advanced Mat $SOLS

Rockefeller Capital Management L.P. acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, Holdings Channel reports. The fund acquired 54,707 shares of the company’s stock, valued at approximately $2,658,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter valued at approximately $893,275,000. State Street Corp bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth $245,276,000. Morgan Stanley purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $195,151,000. Madison Avenue Partners LP bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $135,172,000. Finally, UBS Group AG purchased a new position in Solstice Advanced Mat in the fourth quarter worth $130,269,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. BMO Capital Markets boosted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. Truist Financial started coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Royal Bank Of Canada increased their target price 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. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Solstice Advanced Mat currently has an average rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $82.69 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The stock has a 50 day moving average price of $83.00 and a two-hundred day moving average price of $72.04. The company has a market capitalization of $13.13 billion and a P/E ratio of 92.91.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during 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 expect that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Solstice Advanced Mat Company 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.