Clifford Swan Investment Counsel LLC Invests $1.12 Million in Solstice Advanced Mat $SOLS

Clifford Swan Investment Counsel LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,641 shares of the company’s stock, valued at approximately $1,120,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kerrisdale Advisers LLC acquired a new position in Solstice Advanced Mat in the second quarter valued at about $2,522,000. Ancora Advisors LLC purchased a new position in Solstice Advanced Mat during the second quarter worth about $8,758,000. Sigma Planning Corp purchased a new position in Solstice Advanced Mat during the second quarter worth about $209,000. Benjamin Edwards Inc. acquired a new stake in shares of Solstice Advanced Mat during the second quarter valued at about $1,567,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Solstice Advanced Mat during the second quarter valued at about $49,768,000.

Solstice Advanced Mat Stock Down 2.6%

Shares of NASDAQ SOLS opened at $61.73 on Wednesday. The stock has a market cap of $9.81 billion and a P/E ratio of 34.88. The business’s fifty day simple moving average is $64.06 and its 200-day simple moving average is $74.28. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.

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

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is presently 16.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SOLS. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Mizuho dropped their target price 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. Morgan Stanley lowered Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. UBS Group boosted their target price on Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, July 31st. 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 equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Moderate Buy” and an average price target of $78.25.

Solstice Advanced Mat Profile

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.