Carnegie Investment Counsel Takes $2.63 Million Position in Solstice Advanced Mat $SOLS

Carnegie Investment Counsel acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 34,504 shares of the company’s stock, valued at approximately $2,628,000.

A number of other large investors have also recently bought and sold shares of SOLS. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in Solstice Advanced Mat by 3.3% during the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock worth $343,000 after buying an additional 146 shares during the last quarter. Global Trust Asset Management LLC bought a new position in Solstice Advanced Mat during the first quarter valued at about $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the first quarter worth about $27,000. Westfuller Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the first quarter worth about $36,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Solstice Advanced Mat in the first quarter worth about $37,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on SOLS. BMO Capital Markets increased their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday. TD Cowen assumed coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Finally, UBS Group raised shares of Solstice Advanced Mat from a “neutral” rating to a “buy” rating and dropped their price target for the company from $88.00 to $78.00 in a research report on Monday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.38.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $61.06 on Tuesday. The stock has a 50-day simple moving average of $81.09 and a 200 day simple moving average of $73.81. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock has a market capitalization of $9.70 billion and a PE ratio of 68.61. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Research analysts anticipate that Solstice Advanced Mat will post 2.65 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently disclosed 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 dividend payout ratio is currently 33.71%.

Solstice Advanced Mat Company 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.