The Manufacturers Life Insurance Company Invests $24.29 Million in Solstice Advanced Mat $SOLS

The Manufacturers Life Insurance Company acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 274,174 shares of the company’s stock, valued at approximately $24,292,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tidal Investments LLC bought a new stake in Solstice Advanced Mat during the second quarter worth about $7,262,000. MCF Advisors LLC bought a new position in Solstice Advanced Mat in the second quarter valued at approximately $214,000. Archford Capital Strategies LLC bought a new position in Solstice Advanced Mat in the second quarter valued at approximately $412,000. WINTON GROUP Ltd bought a new position in Solstice Advanced Mat in the second quarter valued at approximately $42,937,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $21,985,000.

Wall Street Analysts Forecast Growth

SOLS has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. UBS Group boosted their target price on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, TD Cowen began coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.11.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $61.53 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average price is $60.66 and its two-hundred day moving average price is $73.38. The company has a market cap of $9.77 billion and a PE ratio of 34.76. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

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

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 16.95%.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc (NASDAQ: SOLS) is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.