TD Waterhouse Canada Inc. Invests $5.04 Million in Solstice Advanced Mat $SOLS

TD Waterhouse Canada Inc. purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the second quarter, HoldingsChannel.com reports. The fund purchased 60,733 shares of the company’s stock, valued at approximately $5,039,000.

A number of other hedge funds also recently bought and sold shares of SOLS. 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 purchased a new position in shares of Solstice Advanced Mat in the 1st quarter worth $26,000. Compass Financial Management LLC purchased a new position in Solstice Advanced Mat in the second quarter worth about $28,000. Princeton Global Asset Management LLC bought a new stake in Solstice Advanced Mat during the first quarter valued at approximately $27,000. Finally, Philadelphia Investment Partners LLC bought a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at $34,000.

Wall Street Analysts Forecast Growth

SOLS has been the subject of a number of recent research reports. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, TD Cowen began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.11.

Solstice Advanced Mat Stock Performance

SOLS opened at $63.73 on Monday. The company has a market capitalization of $10.12 billion and a P/E ratio of 36.01. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The stock’s fifty day moving average is $62.66 and its two-hundred day moving average is $73.94.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Analysts forecast that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be issued a $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 16.95%.

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.