Patten & Patten Inc. TN Invests $361,000 in Solstice Advanced Mat $SOLS

Patten & Patten Inc. TN purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,430 shares of the company’s stock, valued at approximately $361,000.

A number of other large investors also recently bought and sold shares of the business. Costello Asset Management INC bought a new stake in Solstice Advanced Mat during the fourth quarter worth about $180,000. Wesbanco Bank Inc. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $649,000. Violich Capital Management Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $680,000. International Assets Investment Management LLC bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $161,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $197,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SOLS. UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Solstice Advanced Mat presently has a consensus rating of “Hold” and an average price target of $67.20.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ SOLS opened at $78.25 on Friday. The business has a 50 day moving average price of $77.37. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $84.99. The company has a current ratio of 1.43, a quick ratio of 0.98 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $12.43 billion and a P/E ratio of 300.96.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results 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 for 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, analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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