Clifford Swan Investment Counsel LLC Acquires New Stake in Solstice Advanced Mat $SOLS

Clifford Swan Investment Counsel LLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,641 shares of the company’s stock, valued at approximately $1,120,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $245,276,000. Morgan Stanley acquired a new position in Solstice Advanced Mat during the fourth quarter worth about $195,151,000. Madison Avenue Partners LP acquired a new position in Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Norges Bank purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at about $128,368,000. Finally, Geode Capital Management LLC purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at about $110,395,000.

Analyst Ratings Changes

A number of research analysts have weighed in on SOLS shares. Wall Street Zen lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada dropped their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Mizuho cut their price target on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, UBS Group lifted their price objective on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.25.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $61.73 on Wednesday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The stock has a market cap of $9.81 billion and a P/E ratio of 34.88. The company has a 50-day moving average price of $64.06 and a 200 day moving average price of $74.28. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is presently 16.95%.

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.