FORA Capital LLC Takes $676,000 Position in Solventum Corporation $SOLV

FORA Capital LLC acquired a new stake in Solventum Corporation (NYSE:SOLV) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,884 shares of the company’s stock, valued at approximately $676,000.

Other large investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new stake in Solventum in the 1st quarter valued at $216,000. Bessemer Group Inc. raised its stake in Solventum by 17.1% in the 1st quarter. Bessemer Group Inc. now owns 1,963 shares of the company’s stock valued at $150,000 after acquiring an additional 287 shares during the period. Perigon Wealth Management LLC raised its stake in Solventum by 3.8% in the 1st quarter. Perigon Wealth Management LLC now owns 4,352 shares of the company’s stock valued at $331,000 after acquiring an additional 159 shares during the period. Farther Finance Advisors LLC raised its stake in Solventum by 140.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,821 shares of the company’s stock valued at $139,000 after acquiring an additional 1,064 shares during the period. Finally, Amalgamated Bank raised its stake in Solventum by 1.3% in the 1st quarter. Amalgamated Bank now owns 27,120 shares of the company’s stock valued at $2,062,000 after acquiring an additional 352 shares during the period.

Solventum Stock Up 0.0%

Shares of NYSE SOLV opened at $72.94 on Thursday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.86 and a current ratio of 1.22. Solventum Corporation has a 52 week low of $59.35 and a 52 week high of $85.92. The stock has a market capitalization of $12.65 billion, a P/E ratio of 33.77, a PEG ratio of 1.77 and a beta of 0.52. The stock’s fifty day moving average is $73.77 and its 200 day moving average is $72.84.

Solventum (NYSE:SOLV) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.24. Solventum had a return on equity of 29.93% and a net margin of 4.52%.The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the business earned $1.56 earnings per share. Solventum’s revenue was up 3.8% on a year-over-year basis. Solventum has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts forecast that Solventum Corporation will post 6.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SOLV has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and issued a $94.00 price target (up previously from $87.00) on shares of Solventum in a research note on Friday, August 8th. Wells Fargo & Company increased their price target on Solventum from $75.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Morgan Stanley upgraded Solventum from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $103.00 in a research report on Tuesday, July 15th. Argus upgraded Solventum from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Tuesday, July 1st. Finally, Wall Street Zen cut Solventum from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.75.

About Solventum

Solventum Corporation, a healthcare company, engages in the developing, manufacturing, and commercializing a portfolio of solutions to address critical customer and patient needs. It operates through four segments: Medsurg, Dental Solutions, Health Information Systems, and Purification and Filtration.