Corient Private Wealth LP Takes $6.79 Million Position in Solstice Advanced Mat $SOLS

Key Points

• Corient Private Wealth LP acquired 76,675 shares of Solstice Advanced Materials, valued at approximately $6.79 million, during the second quarter. Several smaller investment firms also initiated positions.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $79.11, although some firms recently lowered their targets.
• SOLS opened at $58.80 and recently reported quarterly EPS of $0.88, beating expectations of $0.79. The company also pays a quarterly dividend of $0.075, equivalent to a 0.5% annual yield.

Corient Private Wealth LP bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 76,675 shares of the company's stock, valued at approximately $6,793,000.

Several other hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in Solstice Advanced Mat in the 2nd quarter valued at $27,000. Global Trust Asset Management LLC bought a new position in Solstice Advanced Mat during the first quarter worth about $26,000. Compass Financial Management LLC bought a new position in Solstice Advanced Mat during the second quarter worth about $28,000. Princeton Global Asset Management LLC acquired a new stake in Solstice Advanced Mat in the 1st quarter worth about $27,000. Finally, Philadelphia Investment Partners LLC acquired a new stake in Solstice Advanced Mat in the 2nd quarter worth about $34,000.

Analyst Upgrades and Downgrades

SOLS has been the subject of a number of recent research reports. Mizuho cut their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, July 15th. BMO Capital Markets lowered their target price on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, July 16th. Jefferies Financial Group started coverage on shares of Solstice Advanced Mat in a research report on Thursday, September 3rd. They issued a "buy" rating and a $86.00 price target for the company. Morgan Stanley cut Solstice Advanced Mat to a "buy" rating in a research note on Monday, July 13th. Finally, Zacks Research upgraded Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.11.

Solstice Advanced Mat Stock Up 0.5%

NASDAQ SOLS opened at $58.80 on Friday. The business has a fifty day moving average price of $60.23 and a two-hundred day moving average price of $72.76. The stock has a market capitalization of $9.34 billion and a PE ratio of 33.22. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week 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.

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

Solstice Advanced Mat Announces Dividend

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

Solstice Advanced Mat 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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