39,679 Shares in Solstice Advanced Mat $SOLS Acquired by M&T Bank Corp

M&T Bank Corp bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 39,679 shares of the company’s stock, valued at approximately $1,928,000.

Several other hedge funds have also added to or reduced their stakes in SOLS. Vanguard Group Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $893,275,000. UBS Group AG acquired a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $130,269,000. Teacher Retirement System of Texas bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $22,277,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $20,987,000. Finally, Private Wealth Partners LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $14,827,000.

Analysts Set New Price Targets

SOLS has been the subject of several analyst reports. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th. 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. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.20.

Solstice Advanced Mat Stock Up 0.6%

NASDAQ:SOLS opened at $78.25 on Friday. The company has a fifty day moving average of $77.37. The company has a market cap of $12.43 billion and a price-to-earnings ratio of 300.96. The company has a quick ratio of 0.98, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $84.99.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, analysts anticipate that Solstice Advanced Mat will post 2.68 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 115.38%.

About Solstice Advanced Mat

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.