Boston Partners lessened its stake in Solventum Corporation (NYSE:SOLV – Free Report) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,085,487 shares of the company’s stock after selling 544,813 shares during the period. Boston Partners’ holdings in Solventum were worth $323,743,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SOLV. Independent Franchise Partners LLP grew its position in Solventum by 27.2% in the 3rd quarter. Independent Franchise Partners LLP now owns 12,899,240 shares of the company’s stock valued at $941,645,000 after buying an additional 2,758,174 shares in the last quarter. Norges Bank bought a new position in Solventum in the 4th quarter valued at about $147,467,000. Diamond Hill Capital Management Inc. grew its position in Solventum by 152.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,109,027 shares of the company’s stock valued at $167,119,000 after buying an additional 1,272,921 shares in the last quarter. Vanguard Group Inc. grew its position in Solventum by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,121,198 shares of the company’s stock valued at $1,249,847,000 after buying an additional 867,837 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Solventum by 20.0% in the 4th quarter. Geode Capital Management LLC now owns 4,588,728 shares of the company’s stock valued at $362,375,000 after buying an additional 763,308 shares in the last quarter.
Solventum Price Performance
Solventum stock opened at $78.85 on Friday. The firm has a market capitalization of $13.66 billion, a P/E ratio of 9.66, a PEG ratio of 1.22 and a beta of 0.69. Solventum Corporation has a 1 year low of $62.38 and a 1 year high of $88.20. The business has a 50-day moving average of $72.50 and a 200-day moving average of $75.26. The company has a current ratio of 1.07, a quick ratio of 0.75 and a debt-to-equity ratio of 0.96.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $89.00 price objective on shares of Solventum in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Solventum from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Wedbush assumed coverage on shares of Solventum in a research report on Friday, May 15th. They set an “outperform” rating and a $94.00 price objective for the company. UBS Group lowered shares of Solventum from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Thursday, May 14th. Finally, Piper Sandler reduced their price objective on shares of Solventum from $98.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.25.
Check Out Our Latest Stock Report on SOLV
Solventum Profile
Solventum Corporation, a healthcare company, engages in the developing, manufacturing, and commercializing a portfolio of solutions to address critical customer and patient needs. It operates through four segments: Medsurg, Dental Solutions, Health Information Systems, and Purification and Filtration. The Medsurg segment is a provider of solutions including advanced wound care, I.V. site management, sterilization assurance, temperature management, surgical supplies, stethoscopes, and medical electrodes.
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