Penobscot Investment Management Company Inc. Makes New $988,000 Investment in Solstice Advanced Mat $SOLS

Penobscot Investment Management Company Inc. bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 12,976 shares of the company’s stock, valued at approximately $988,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SOLS. Westerkirk Capital Inc. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat in the fourth quarter worth $26,000. Global Trust Asset Management LLC bought a new position in Solstice Advanced Mat in the first quarter worth $26,000. Heritage Wealth Advisors bought a new position in Solstice Advanced Mat in the fourth quarter worth $26,000. Finally, Hoey Investments Inc. purchased a new position in Solstice Advanced Mat during the fourth quarter valued at $27,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SOLS shares. Royal Bank Of Canada boosted their target price on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. BMO Capital Markets lifted their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Mizuho upped their price objective on shares of Solstice Advanced Mat from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $89.50.

Solstice Advanced Mat Stock Down 1.8%

SOLS stock opened at $61.01 on Thursday. The business has a 50 day moving average of $82.16 and a 200 day moving average of $73.56. The firm has a market cap of $9.69 billion and a PE ratio of 68.55. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, research analysts forecast 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. Stockholders of record on Wednesday, May 27th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is currently 33.71%.

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.