Corient Private Wealth LLC Purchases Shares of 92,831 Solstice Advanced Mat $SOLS

Corient Private Wealth LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 92,831 shares of the company’s stock, valued at approximately $4,444,000. Corient Private Wealth LLC owned approximately 0.06% of Solstice Advanced Mat as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $893,275,000. State Street Corp purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at about $245,276,000. Morgan Stanley purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at about $195,151,000. Madison Avenue Partners LP purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $135,172,000. Finally, UBS Group AG purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $130,269,000.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $82.69 on Friday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm’s 50-day moving average is $83.00 and its 200 day moving average is $71.87. The stock has a market cap of $13.13 billion and a price-to-earnings ratio of 92.91. 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 (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 firm had revenue of $991.00 million for 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. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. 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 (DPR) is 33.71%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SOLS shares. Wall Street Zen upgraded shares of 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 report on Friday, May 22nd. TD Cowen started coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Truist Financial initiated coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Finally, UBS Group upped their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. 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 an average rating of “Hold” and a consensus target price of $87.38.

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.