Morningstar Investment Management LLC Takes Position in Solstice Advanced Mat $SOLS

Morningstar Investment Management LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,640 shares of the company’s stock, valued at approximately $565,000.

Other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $649,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Solstice Advanced Mat in the 4th quarter valued at $4,796,000. Nwam LLC acquired a new stake in Solstice Advanced Mat during the 4th quarter worth $1,253,000. Fifth Third Bancorp acquired a new stake in Solstice Advanced Mat during the 4th quarter worth $4,424,000. Finally, Davidson Investment Advisors acquired a new stake in Solstice Advanced Mat during the 4th quarter worth $5,485,000.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $81.76 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The firm has a market capitalization of $12.98 billion and a price-to-earnings ratio of 91.87. The company’s 50-day moving average is $79.19 and its two-hundred day moving average is $65.56. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its 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 during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company 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. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Analyst Ratings Changes

A number of research firms recently weighed in on SOLS. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research report on Friday, February 13th. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Finally, UBS Group upped their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat has an average rating of “Hold” and a consensus target price of $73.60.

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.