16,318,880 Shares in Solstice Advanced Mat $SOLS Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System acquired 16.3 million SOLS shares worth approximately $1.45 billion, giving it a 10.27% stake in Solstice Advanced Materials.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $79.11; individual targets range as high as $86.
• Solstice reported quarterly EPS of $0.88, beating estimates of $0.79, on $1.15 billion in revenue. The company also pays a quarterly dividend of $0.075 per share, representing a 0.5% annualized yield.

California State Teachers Retirement System acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,318,880 shares of the company's stock, valued at approximately $1,445,853,000. California State Teachers Retirement System owned approximately 10.27% of Solstice Advanced Mat as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in Solstice Advanced Mat by 3.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company's stock worth $343,000 after acquiring an additional 146 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at $27,000. Global Trust Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at $26,000. Hsbc Holdings PLC boosted its holdings in Solstice Advanced Mat by 0.4% in the second quarter. Hsbc Holdings PLC now owns 96,570 shares of the company's stock worth $8,531,000 after purchasing an additional 342 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in Solstice Advanced Mat in the second quarter worth $28,000.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a "buy" rating in a report on Thursday, July 9th. Wall Street Zen downgraded Solstice Advanced Mat from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Jefferies Financial Group began coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a "buy" rating and a $86.00 price target for the company. Morgan Stanley lowered Solstice Advanced Mat to a "buy" rating in a report on Monday, July 13th. Finally, UBS Group raised their price objective on Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.11.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $61.53 on Friday. The company has a market capitalization of $9.77 billion and a PE ratio of 34.76. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The company's fifty day moving average price is $60.66 and its 200 day moving average price is $73.38.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, analysts expect that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. Solstice Advanced Mat's payout ratio is currently 16.95%.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc NASDAQ: SOLS is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.

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