Clearbridge Investments LLC Invests $17.62 Million in Solstice Advanced Mat $SOLS

Clearbridge Investments LLC bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 362,672 shares of the company’s stock, valued at approximately $17,619,000. Clearbridge Investments LLC owned approximately 0.23% of Solstice Advanced Mat as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SOLS. DiNuzzo Private Wealth Inc. purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $27,000. JNBA Financial Advisors purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $29,000. Finally, Motco bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $30,000.

Analyst Ratings Changes

Several research firms recently commented on SOLS. Royal Bank Of Canada lifted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial began coverage on Solstice Advanced Mat in a research note on Monday. They issued a “hold” rating and a $90.00 price objective for the company. TD Cowen began coverage on Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 target price on the stock. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Stock Performance

Solstice Advanced Mat stock 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. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The firm has a market capitalization of $12.75 billion and a P/E ratio of 90.20. The company’s 50-day moving average is $81.56 and its 200 day moving average is $68.57.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given 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 dividend payout ratio is 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.