Rockefeller Capital Management L.P. Takes $2.66 Million Position in Solstice Advanced Mat $SOLS

Rockefeller Capital Management L.P. purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 54,707 shares of the company’s stock, valued at approximately $2,658,000.

Several other large investors also recently added to or reduced their stakes in SOLS. Wesbanco Bank Inc. purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at about $649,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth about $4,796,000. Nwam LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $1,253,000. Fifth Third Bancorp bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $4,424,000. Finally, Olstein Capital Management L.P. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $2,803,000.

Solstice Advanced Mat Price Performance

SOLS stock opened at $82.69 on Monday. The firm has a 50 day moving average of $83.00 and a 200-day moving average of $72.04. The firm has a market capitalization of $13.13 billion and a P/E ratio of 92.91. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. As a group, sell-side analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SOLS shares. Royal Bank Of Canada raised their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. BMO Capital Markets boosted their target price 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. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, UBS Group boosted their price objective on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.38.

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.