Patten Group Inc. Purchases Shares of 17,043 Solstice Advanced Mat $SOLS

Patten Group Inc. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the first quarter, HoldingsChannel.com reports. The firm purchased 17,043 shares of the company’s stock, valued at approximately $1,298,000.

Several other hedge funds have also recently made changes to their positions in the business. Boston Trust Walden Corp acquired a new position in shares of Solstice Advanced Mat in the 1st quarter valued at about $204,000. Stock Yards Bank & Trust Co. acquired a new stake in Solstice Advanced Mat during the first quarter worth approximately $289,000. WD Rutherford LLC increased its holdings in Solstice Advanced Mat by 7.9% in the first quarter. WD Rutherford LLC now owns 9,260 shares of the company’s stock worth $705,000 after purchasing an additional 680 shares in the last quarter. Essex Financial Services Inc. bought a new stake in Solstice Advanced Mat in the first quarter worth approximately $305,000. Finally, CHICAGO TRUST Co NA acquired a new position in Solstice Advanced Mat in the first quarter valued at approximately $276,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SOLS. Truist Financial started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. TD Cowen started coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Thursday, May 14th. Mizuho increased their target price on shares of Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat currently has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Stock Down 3.3%

SOLS stock opened at $80.19 on Friday. The stock’s 50 day simple moving average is $83.23 and its 200 day simple moving average is $73.01. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company has a market cap of $12.73 billion and a P/E ratio of 90.10.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly 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. On average, research analysts expect that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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