10,578 Shares in Solstice Advanced Mat $SOLS Acquired by Independent Investors Inc.

Independent Investors Inc. acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,578 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $2,259,000. Kieckhefer Group LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $1,232,000. Exchange Traded Concepts LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $1,215,000. Wallington Asset Management LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at $974,000. Finally, Parsons Capital Management Inc. RI bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $625,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SOLS. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, January 7th. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a report on Friday, February 13th. Finally, UBS Group reissued a “buy” rating and issued a $87.00 target price on shares of Solstice Advanced Mat in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Solstice Advanced Mat presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Solstice Advanced Mat Price Performance

NASDAQ:SOLS opened at $76.16 on Wednesday. The business has a fifty day moving average of $72.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $84.44. The stock has a market cap of $12.09 billion and a price-to-earnings ratio of 292.92.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $987.00 million during the quarter, compared to analysts’ expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 115.38%.

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.