Clifford Swan Investment Counsel LLC Buys Shares of 13,095 Solstice Advanced Mat $SOLS

Clifford Swan Investment Counsel LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,095 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SOLS. Ferguson Wellman Capital Management Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $2,259,000. Parsons Capital Management Inc. RI acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $625,000. JFS Wealth Advisors LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $121,000. Pathway Financial Advisors LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $337,000. Finally, Tradewinds Capital Management LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $89,000.

Analyst Ratings Changes

SOLS has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday. UBS Group increased their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Three 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, Solstice Advanced Mat has an average rating of “Hold” and an average price target of $86.50.

Solstice Advanced Mat Stock Down 3.7%

Shares of Solstice Advanced Mat stock opened at $81.02 on Friday. The business’s 50 day simple moving average is $81.33 and its 200 day simple moving average is $67.85. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The firm has a market cap of $12.87 billion and a PE ratio of 91.03. 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 announced 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 firm 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. On average, analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

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.