Solstice Advanced Mat $SOLS Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. cut its stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 15.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,527 shares of the company’s stock after selling 14,793 shares during the period. Meyer Handelman Co. owned 0.05% of Solstice Advanced Mat worth $6,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Westerkirk Capital Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $25,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Hoey Investments Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $27,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $86.91 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The business has a 50-day moving average of $82.93 and a 200-day moving average of $71.79. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The company has a market capitalization of $13.80 billion and a price-to-earnings ratio of 97.65.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The company 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, equities analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.3%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SOLS shares. UBS Group increased their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets lifted their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. TD Cowen began coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada increased their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Company 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.