Werlinich Asset Management LLC Invests $831,000 in Solstice Advanced Mat $SOLS

Werlinich Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 9,375 shares of the company’s stock, valued at approximately $831,000.

A number of other hedge funds also recently made changes to their positions in the stock. Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in Solstice Advanced Mat by 3.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock worth $343,000 after acquiring an additional 146 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Solstice Advanced Mat in the second quarter worth approximately $27,000. Global Trust Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter worth approximately $26,000. Hsbc Holdings PLC increased its stake in shares of Solstice Advanced Mat by 0.4% in the second quarter. Hsbc Holdings PLC now owns 96,570 shares of the company’s stock worth $8,531,000 after purchasing an additional 342 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Solstice Advanced Mat in the second quarter worth $28,000.

Solstice Advanced Mat Trading Up 0.6%

Solstice Advanced Mat stock opened at $61.37 on Friday. The stock has a market cap of $9.75 billion and a P/E ratio of 34.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm’s 50 day moving average price is $63.04 and its 200-day moving average price is $74.04.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, equities analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is 16.95%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SOLS shares. Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Wednesday, July 22nd. BMO Capital Markets decreased their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Finally, Mizuho dropped their price objective on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.11.

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.