K.J. Harrison & Partners Inc Invests $762,000 in Solstice Advanced Mat $SOLS

K.J. Harrison & Partners Inc acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,004 shares of the company’s stock, valued at approximately $762,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of Solstice Advanced Mat by 3.3% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat during the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in Solstice Advanced Mat in the 1st quarter valued at approximately $27,000. Westerkirk Capital Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $25,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $26,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $80.19 on Friday. The company has a 50-day moving average of $83.21 and a 200 day moving average of $73.06. The firm has a market capitalization of $12.73 billion and a price-to-earnings ratio of 90.10. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its 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 business 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, research analysts expect that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. 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 33.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SOLS shares. Mizuho lifted their price objective on Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Truist Financial assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently 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.