Solventum Co. (NYSE:SOLV) Position Cut by Lakeside Advisors INC.

Lakeside Advisors INC. lowered its position in shares of Solventum Co. (NYSE:SOLV) by 7.5% in the 4th quarter, Holdings Channel reports. The fund owned 6,987 shares of the company’s stock after selling 565 shares during the period. Lakeside Advisors INC.’s holdings in Solventum were worth $462,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in Solventum in the 3rd quarter worth approximately $60,000. Foundations Investment Advisors LLC bought a new position in shares of Solventum in the third quarter worth $345,000. Sequoia Financial Advisors LLC increased its holdings in shares of Solventum by 8.3% during the third quarter. Sequoia Financial Advisors LLC now owns 5,737 shares of the company’s stock valued at $400,000 after purchasing an additional 441 shares during the period. Eastern Bank bought a new stake in shares of Solventum during the third quarter valued at about $105,000. Finally, Waldron Private Wealth LLC acquired a new stake in Solventum in the third quarter worth about $72,000.

Wall Street Analyst Weigh In

SOLV has been the topic of several research analyst reports. Mizuho assumed coverage on shares of Solventum in a research note on Wednesday, December 4th. They set a “neutral” rating and a $70.00 target price on the stock. Piper Sandler increased their price objective on shares of Solventum from $71.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley boosted their target price on Solventum from $60.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $68.29.

Solventum Stock Up 0.6 %

SOLV stock opened at $74.44 on Friday. Solventum Co. has a 12 month low of $47.16 and a 12 month high of $96.05. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $71.07 and a 200 day simple moving average of $68.95.

Solventum Profile

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.