Private Wealth Partners LLC Decreases Stake in Solstice Advanced Mat $SOLS

Private Wealth Partners LLC lessened its holdings in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 22.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,719 shares of the company’s stock after selling 67,494 shares during the period. Solstice Advanced Mat makes up approximately 1.4% of Private Wealth Partners LLC’s portfolio, making the stock its 21st biggest holding. Private Wealth Partners LLC owned 0.15% of Solstice Advanced Mat worth $18,105,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SOLS. Vanguard Group Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $893,275,000. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $245,276,000. Morgan Stanley acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $195,151,000. Madison Avenue Partners LP acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $135,172,000. Finally, UBS Group AG purchased a new stake in Solstice Advanced Mat during the fourth quarter worth about $130,269,000.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $80.19 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average price of $83.21 and a two-hundred day moving average price of $73.06. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a market capitalization of $12.73 billion and a P/E ratio of 90.10.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million during 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, research analysts expect that Solstice Advanced Mat will post 2.64 earnings per share 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. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SOLS shares. 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 target price on the stock. Mizuho boosted their price target on Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Royal Bank Of Canada raised their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus price target of $89.50.

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.