Flputnam Investment Management Co. Invests $463,000 in Solstice Advanced Mat $SOLS

Flputnam Investment Management Co. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,525 shares of the company’s stock, valued at approximately $463,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GS Investments Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $57,000. Smithfield Trust Co acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $124,000. Bleakley Financial Group LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $907,000. Cary Street Partners Financial LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $597,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $73,000.

Solstice Advanced Mat Stock Down 0.4%

SOLS stock opened at $84.23 on Friday. The company has a market cap of $13.38 billion and a PE ratio of 94.64. The business has a 50-day simple moving average of $80.06 and a 200 day simple moving average of $66.49. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company 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 anticipate that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Thursday, May 14th. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research note on Friday, February 13th. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Finally, UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and an average target price of $73.60.

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.