10,156 Shares in Solstice Advanced Mat $SOLS Bought by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,156 shares of the company’s stock, valued at approximately $493,000.

A number of other large investors also recently bought and sold shares of SOLS. Ferguson Wellman Capital Management Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter worth $2,259,000. Parsons Capital Management Inc. RI purchased a new position in Solstice Advanced Mat during the 4th quarter worth $625,000. JFS Wealth Advisors LLC purchased a new position in Solstice Advanced Mat during the 4th quarter worth $121,000. Pathway Financial Advisors LLC purchased a new position in Solstice Advanced Mat during the 4th quarter worth $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in Solstice Advanced Mat during the 4th quarter worth $89,000.

Solstice Advanced Mat Trading Down 2.0%

NASDAQ:SOLS opened at $85.11 on Friday. 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 company’s 50-day simple moving average is $78.31. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock has a market cap of $13.52 billion and a P/E ratio of 95.63.

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 business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current 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 dividend of $0.075 per share. 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 dividend payout ratio (DPR) is 33.71%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SOLS shares. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of 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 objective on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, UBS Group upped their price objective on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat presently 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.