Patten Group Inc. Purchases New Position in Solstice Advanced Mat $SOLS

Patten Group Inc. acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,043 shares of the company’s stock, valued at approximately $1,298,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $2,259,000. Parsons Capital Management Inc. RI acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $625,000. JFS Wealth Advisors LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $121,000. Pathway Financial Advisors LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $337,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $89,000.

Solstice Advanced Mat Trading Down 3.3%

Shares of SOLS stock opened at $80.19 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market cap of $12.73 billion and a price-to-earnings ratio of 90.10. The stock has a 50-day moving average of $83.23 and a 200-day moving average of $73.01.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts forecast that Solstice Advanced Mat will post 2.64 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is 33.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research report on Thursday, May 14th. UBS Group lifted their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, BMO Capital Markets upped their price objective on 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 analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $89.50.

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.