Public Employees Retirement System of Ohio Purchases Shares of 45,360 Solstice Advanced Mat $SOLS

Public Employees Retirement System of Ohio acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 45,360 shares of the company’s stock, valued at approximately $4,019,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $245,276,000. Morgan Stanley bought a new position in shares of Solstice Advanced Mat in the fourth quarter worth approximately $195,151,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at $135,172,000. Norges Bank purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $128,368,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $110,395,000.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, July 22nd. TD Cowen began coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada lowered their price objective on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.11.

Solstice Advanced Mat Stock Up 0.6%

Shares of SOLS stock opened at $61.37 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The stock has a market cap of $9.75 billion and a P/E ratio of 34.67. The stock has a 50 day moving average of $63.04 and a 200 day moving average of $74.04. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, sell-side analysts expect that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s payout ratio is currently 16.95%.

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.