Morningstar Investment Management LLC Invests $565,000 in Solstice Advanced Mat $SOLS

Morningstar Investment Management LLC acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,640 shares of the company’s stock, valued at approximately $565,000.

Other large investors have also recently made changes to their positions in the company. Wesbanco Bank Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $649,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $4,796,000. Nwam LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $1,253,000. Fifth Third Bancorp acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $4,424,000. Finally, Davidson Investment Advisors acquired a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $5,485,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SOLS shares. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a report on Friday, February 13th. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, UBS Group upped their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat has a consensus rating of “Hold” and an average price target of $73.60.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $81.76 on Tuesday. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm’s 50 day moving average price is $79.19 and its 200 day moving average price is $65.56. The company has a market cap of $12.98 billion and a P/E ratio of 91.87. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business 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. On average, research analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend 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 presently 33.71%.

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.