Solstice Advanced Mat $SOLS Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its stake in Solstice Advanced Mat (NASDAQ:SOLS) by 74.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,968 shares of the company’s stock after selling 52,539 shares during the period. Whittier Trust Co.’s holdings in Solstice Advanced Mat were worth $1,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wesbanco Bank Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $649,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $4,796,000. Nwam LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $1,253,000. Fifth Third Bancorp purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $4,424,000. Finally, Olstein Capital Management L.P. purchased a new position in Solstice Advanced Mat in the 4th quarter worth about $2,803,000.

Solstice Advanced Mat Stock Down 8.7%

Shares of Solstice Advanced Mat stock opened at $62.10 on Wednesday. The stock has a 50-day moving average price of $82.56 and a 200 day moving average price of $73.47. The company has a market cap of $9.86 billion and a P/E ratio of 69.78. 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 has a 1 year low of $40.43 and a 1 year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations 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 2.64 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Truist Financial began coverage on shares of Solstice Advanced Mat in a research 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 note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.50.

More Solstice Advanced Mat News

Here are the key news stories impacting Solstice Advanced Mat this week:

• Positive Sentiment: Solstice says the acquisition expands its advanced materials platform and deepens exposure to higher-growth electronics and AI-related markets.
• Positive Sentiment: Management expects the deal to be accretive to sales growth and adjusted EPS in year one, with synergy potential over time.
• Neutral Sentiment: The transaction is still subject to shareholder and regulatory approvals and is expected to close in the first half of 2027.
• Negative Sentiment: Investors are reacting to dilution, higher leverage, and execution risk from the large cash-and-stock takeover.
• Negative Sentiment: Solstice’s stock drop also lowers the value of the stock consideration in the Element deal, which can further pressure takeover economics.

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.