Capital International Investors Invests $1.65 Million in Solstice Advanced Mat $SOLS

Capital International Investors purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,949 shares of the company’s stock, valued at approximately $1,649,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $363,000. Ramirez Asset Management Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $75,000. MCF Advisors LLC bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $75,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $183,000. Finally, Pinebridge Investments LLC bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $464,000.

Solstice Advanced Mat Price Performance

SOLS opened at $80.28 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The stock has a market capitalization of $12.75 billion and a P/E ratio of 90.20. The company’s 50 day simple moving average is $81.56 and its 200-day simple moving average is $68.57. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share 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 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

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 issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a report on Monday. They set a “hold” rating and a $90.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report 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 target for the company. in a report on Thursday, May 14th. 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 report on Friday, June 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.38.

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.