Sumitomo Mitsui Trust Group Inc. Takes Position in Solstice Advanced Mat $SOLS

Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,188 shares of the company’s stock, valued at approximately $2,375,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Westerkirk Capital Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the 1st quarter worth approximately $26,000. Heritage Wealth Advisors purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Finally, Hoey Investments Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000.

Solstice Advanced Mat Stock Down 3.7%

Shares of NASDAQ:SOLS opened at $61.03 on Thursday. The stock has a market cap of $9.69 billion and a P/E ratio of 68.57. The firm has a fifty day moving average price of $80.26 and a 200 day moving average price of $73.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. 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 posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 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. Sell-side analysts predict that Solstice Advanced Mat will post 2.66 EPS for the current 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. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Analysts Set New Price Targets

A number of research analysts recently commented on SOLS shares. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Royal Bank Of Canada raised their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Finally, UBS Group raised Solstice Advanced Mat from a “neutral” rating to a “buy” rating and reduced their target price for the company from $88.00 to $78.00 in a report on Monday. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Solstice Advanced Mat presently has a consensus rating of “Moderate Buy” and an average price target of $83.25.

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.