Whittier Trust Co. of Nevada Inc. Sells 18,853 Shares of Solstice Advanced Mat $SOLS

Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 61.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 11,649 shares of the company’s stock after selling 18,853 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Solstice Advanced Mat were worth $909,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter valued at $893,275,000. State Street Corp acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $245,276,000. Morgan Stanley bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $195,151,000. Madison Avenue Partners LP bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $135,172,000. Finally, UBS Group AG acquired a new position in shares of Solstice Advanced Mat during the fourth quarter valued at about $130,269,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $62.10 on Wednesday. The stock has a market cap of $9.86 billion and a price-to-earnings ratio of 69.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. 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 simple moving average is $82.56 and its 200 day simple moving average is $73.47.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, research analysts anticipate that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analysts Set New Price Targets

Several analysts have recently commented on SOLS shares. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Truist Financial began coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. UBS Group increased their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho raised their price objective on Solstice Advanced Mat from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.50.

Key Solstice Advanced Mat News

Here are the key news stories impacting Solstice Advanced Mat this week:

• Positive Sentiment: Solstice says the acquisition expands its advanced materials platform and deepens exposure to higher-growth electronics and AI-related markets.
• Positive Sentiment: Management expects the deal to be accretive to sales growth and adjusted EPS in year one, with synergy potential over time.
• Neutral Sentiment: The transaction is still subject to shareholder and regulatory approvals and is expected to close in the first half of 2027.
• Negative Sentiment: Investors are reacting to dilution, higher leverage, and execution risk from the large cash-and-stock takeover.
• Negative Sentiment: Solstice’s stock drop also lowers the value of the stock consideration in the Element deal, which can further pressure takeover economics.

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.