Meyer Handelman Co. Reduces Holdings in Solstice Advanced Mat $SOLS

Meyer Handelman Co. lowered its position in Solstice Advanced Mat (NASDAQ:SOLS) by 15.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 83,527 shares of the company’s stock after selling 14,793 shares during the quarter. Meyer Handelman Co.’s holdings in Solstice Advanced Mat were worth $6,361,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on SOLS shares. UBS Group lifted their price objective on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, BMO Capital Markets upped their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Three equities research 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, Solstice Advanced Mat currently has a consensus rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Stock Up 0.3%

Shares of Solstice Advanced Mat stock opened at $86.91 on Friday. The business has a 50-day moving average price of $82.93 and a 200 day moving average price of $71.79. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a market cap of $13.80 billion and a P/E ratio of 97.65. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for 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, sell-side analysts forecast that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Solstice Advanced Mat Company 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.