Fox Run Management L.L.C. lifted its position in shares of Solventum Corporation (NYSE:SOLV – Free Report) by 72.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,646 shares of the company’s stock after buying an additional 7,821 shares during the period. Fox Run Management L.L.C.’s holdings in Solventum were worth $1,478,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SOLV. Hilltop National Bank increased its holdings in shares of Solventum by 71.3% during the 4th quarter. Hilltop National Bank now owns 310 shares of the company’s stock worth $25,000 after buying an additional 129 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Solventum in the 3rd quarter valued at $25,000. JNBA Financial Advisors increased its holdings in Solventum by 205.4% in the 4th quarter. JNBA Financial Advisors now owns 339 shares of the company’s stock valued at $27,000 after purchasing an additional 228 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Solventum in the 2nd quarter valued at $28,000. Finally, City State Bank increased its holdings in Solventum by 166.7% in the 4th quarter. City State Bank now owns 384 shares of the company’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter.
Solventum Stock Performance
Shares of SOLV stock opened at $78.70 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.75 and a current ratio of 1.07. Solventum Corporation has a one year low of $62.38 and a one year high of $88.20. The company’s 50-day simple moving average is $71.19 and its 200-day simple moving average is $75.21. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.25 and a beta of 0.69.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Rothschild & Co Redburn assumed coverage on Solventum in a report on Tuesday, March 24th. They issued a “sell” rating and a $60.00 price target for the company. Wedbush assumed coverage on Solventum in a report on Friday, May 15th. They issued an “outperform” rating and a $94.00 price target for the company. Piper Sandler lowered their price target on Solventum from $98.00 to $92.00 and set an “overweight” rating for the company in a report on Friday, April 17th. KeyCorp increased their price target on Solventum from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, BTIG Research reiterated a “buy” rating and issued a $89.00 price target on shares of Solventum in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.25.
Check Out Our Latest Analysis on SOLV
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. The Medsurg segment is a provider of solutions including advanced wound care, I.V. site management, sterilization assurance, temperature management, surgical supplies, stethoscopes, and medical electrodes.
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