NewEdge Wealth LLC Makes New Investment in Solstice Advanced Mat $SOLS

NewEdge Wealth LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,156 shares of the company’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $587,000. Ballentine Partners LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $256,000. Patten & Patten Inc. TN acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $361,000. Costello Asset Management INC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $180,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $649,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SOLS shares. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Thursday. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and a consensus price target of $73.60.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $85.11 on Friday. The firm has a market cap of $13.52 billion and a PE ratio of 95.63. The stock’s fifty day simple moving average is $78.31. 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 1-year low of $40.43 and a 1-year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts expect that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

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.