Palmer Knight Co Acquires Shares of 8,771 Solstice Advanced Mat $SOLS

Palmer Knight Co bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,771 shares of the company’s stock, valued at approximately $426,000. Solstice Advanced Mat makes up about 0.2% of Palmer Knight Co’s portfolio, making the stock its 28th largest position.

Several other institutional investors have also modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter valued at about $2,259,000. Parsons Capital Management Inc. RI purchased a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $121,000. Pathway Financial Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $337,000. Finally, Tradewinds Capital Management LLC acquired a new stake in Solstice Advanced Mat during the fourth quarter valued at approximately $89,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SOLS. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, January 7th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat has an average rating of “Hold” and a consensus price target of $67.00.

Solstice Advanced Mat Trading Up 3.1%

Shares of Solstice Advanced Mat stock opened at $83.56 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. The stock has a market cap of $13.27 billion and a P/E ratio of 321.38. The business has a 50-day simple moving average of $77.33. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $84.99.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities analysts forecast that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend 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 presently 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.