Keystone Investors PTE Ltd. Invests $857,000 in Solstice Advanced Mat $SOLS

Keystone Investors PTE Ltd. purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 17,642 shares of the company’s stock, valued at approximately $857,000.

A number of other large investors have also recently made changes to their positions in SOLS. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $893,275,000. UBS Group AG bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $130,269,000. Norges Bank bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $128,368,000. Geode Capital Management LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $110,395,000. Finally, Franklin Resources Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth approximately $63,546,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $83.06 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 50 day simple moving average of $81.87 and a two-hundred day simple moving average of $69.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The firm has a market cap of $13.19 billion and a P/E ratio of 93.33.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities analysts forecast that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SOLS. 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. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Vertical Research lowered shares of 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. Truist Financial began coverage on shares of Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 target price for the company. Finally, TD Cowen began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $87.38.

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.