ING Groep NV acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 142,599 shares of the company’s stock, valued at approximately $6,927,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $26,000. Hoey Investments Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $27,000. JNBA Financial Advisors purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $29,000. Finally, Motco purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $30,000.
Solstice Advanced Mat Stock Down 0.7%
NASDAQ SOLS opened at $80.46 on Tuesday. The stock’s 50 day moving average is $81.45 and its 200 day moving average is $68.30. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The stock has a market cap of $12.78 billion and a PE ratio of 90.40.
Solstice Advanced Mat Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 33.71%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. BMO Capital Markets boosted their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, Truist Financial assumed coverage on Solstice Advanced Mat in a report on Monday. They issued a “hold” rating and a $90.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.38.
Get Our Latest Analysis on Solstice Advanced Mat
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.
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