Solstice Advanced Mat $SOLS Stake Lessened by Keybank National Association OH

Keybank National Association OH decreased its position in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 31.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,986 shares of the company’s stock after selling 17,805 shares during the period. Keybank National Association OH’s holdings in Solstice Advanced Mat were worth $2,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Solstice Advanced Mat by 3.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Solstice Advanced Mat in the 1st quarter worth $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the first quarter valued at $27,000. Westerkirk Capital Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $25,000. Finally, DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $26,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SOLS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada lifted their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. Truist Financial began coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, BMO Capital Markets increased their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $89.50.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ SOLS opened at $80.19 on Monday. The stock’s fifty day simple moving average is $83.21 and its 200 day simple moving average is $73.23. The stock has a market capitalization of $12.73 billion and a price-to-earnings ratio of 90.10. 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 has a 52-week low of $40.43 and a 52-week high of $90.80.

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. As a group, sell-side analysts forecast that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Solstice Advanced Mat 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.