Fifth Third Bancorp Buys 35,102 Shares of Solstice Advanced Mat $SOLS

Fifth Third Bancorp raised its stake in Solstice Advanced Mat (NASDAQ:SOLS) by 38.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,175 shares of the company’s stock after buying an additional 35,102 shares during the period. Fifth Third Bancorp’s holdings in Solstice Advanced Mat were worth $9,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Westerkirk Capital Inc. purchased a new position in Solstice Advanced Mat during the 4th quarter worth $25,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $26,000. Heritage Wealth Advisors bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth $26,000. Global Trust Asset Management LLC bought a new position in shares of Solstice Advanced Mat during the 1st quarter worth $26,000. Finally, Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth $27,000.

Analysts Set New Price Targets

SOLS has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets raised their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.25.

Solstice Advanced Mat Stock Down 3.7%

Shares of NASDAQ SOLS opened at $61.03 on Thursday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The stock’s fifty day simple moving average is $80.26 and its two-hundred day simple moving average is $73.99. The stock has a market capitalization of $9.69 billion and a PE ratio of 68.57. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during 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. As a group, analysts expect that Solstice Advanced Mat will post 2.66 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Solstice Advanced Mat Profile

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.