Wallington Asset Management LLC Buys Shares of 20,058 Solstice Advanced Mat $SOLS

Wallington Asset Management LLC purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 20,058 shares of the company’s stock, valued at approximately $974,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SOLS. Tradewinds Capital Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $89,000. JFS Wealth Advisors LLC purchased a new position in Solstice Advanced Mat in the fourth quarter worth approximately $121,000. Advisors Management Group Inc. ADV acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $232,000. Pathway Financial Advisors LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter worth $337,000. Finally, Chesley Taft & Associates LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter valued at $456,000.

Analyst Upgrades and Downgrades

SOLS has been the topic of several recent analyst reports. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 7th. Finally, Alembic Global Advisors initiated coverage on shares of Solstice Advanced Mat in a research note on Monday, December 1st. They set an “overweight” rating and a $60.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $75.03 on Monday. The stock has a market capitalization of $11.91 billion and a price-to-earnings ratio of 288.58. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $84.44. The firm has a 50 day moving average price of $71.61.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million during the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 115.38%.

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.