Solstice Advanced Mat $SOLS Stake Reduced by Whittier Trust Co.

Whittier Trust Co. cut its stake in Solstice Advanced Mat (NASDAQ:SOLS) by 74.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,968 shares of the company’s stock after selling 52,539 shares during the period. Whittier Trust Co.’s holdings in Solstice Advanced Mat were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wesbanco Bank Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $649,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $4,796,000. Nwam LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $1,253,000. Fifth Third Bancorp acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $4,424,000. Finally, Crestwood Advisors Group LLC bought a new position in Solstice Advanced Mat in the 4th quarter worth approximately $709,000.

Solstice Advanced Mat Stock Down 8.7%

Shares of SOLS stock opened at $62.10 on Wednesday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The stock has a market cap of $9.86 billion and a PE ratio of 69.78. The business’s fifty day moving average is $82.56 and its 200-day moving average is $73.47. 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 (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities analysts expect that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Trending Headlines about Solstice Advanced Mat

Here are the key news stories impacting Solstice Advanced Mat this week:

• Positive Sentiment: Solstice says the acquisition expands its advanced materials platform and deepens exposure to higher-growth electronics and AI-related markets.
• Positive Sentiment: Management expects the deal to be accretive to sales growth and adjusted EPS in year one, with synergy potential over time.
• Neutral Sentiment: The transaction is still subject to shareholder and regulatory approvals and is expected to close in the first half of 2027.
• Negative Sentiment: Investors are reacting to dilution, higher leverage, and execution risk from the large cash-and-stock takeover.
• Negative Sentiment: Solstice’s stock drop also lowers the value of the stock consideration in the Element deal, which can further pressure takeover economics.

Wall Street Analyst Weigh In

Several research firms recently commented on SOLS. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Mizuho boosted their price target on Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.50.

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.