ING Groep NV Acquires New Shares in Solstice Advanced Mat $SOLS

ING Groep NV acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 142,599 shares of the company’s stock, valued at approximately $6,927,000. ING Groep NV owned about 0.09% of Solstice Advanced Mat at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Capital Research Global Investors purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $9,624,000. Capital International Investors purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $1,649,000. Capital Group Private Client Services Inc. purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $363,000. Ramirez Asset Management Inc. bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $75,000. Finally, MCF Advisors LLC bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $75,000.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $80.46 on Tuesday. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The firm has a market capitalization of $12.78 billion and a P/E ratio of 90.40. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $81.45 and a 200-day moving average price of $68.30.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for 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 research analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend payout ratio (DPR) is 33.71%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SOLS shares. BMO Capital Markets increased their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. TD Cowen began coverage on shares of Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 price target for the company. 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 price target for the company. Finally, Royal Bank Of Canada upped their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.38.

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.