KBC Group NV boosted its stake in shares of Solventum Corporation (NYSE:SOLV – Free Report) by 36.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,833 shares of the company’s stock after buying an additional 170,416 shares during the period. KBC Group NV owned approximately 0.36% of Solventum worth $41,324,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Appleton Partners Inc. MA purchased a new position in shares of Solventum in the 4th quarter worth about $7,008,000. SG Americas Securities LLC grew its position in Solventum by 92.3% during the 4th quarter. SG Americas Securities LLC now owns 93,681 shares of the company’s stock valued at $7,423,000 after purchasing an additional 44,970 shares during the last quarter. US Bancorp DE grew its position in Solventum by 4.6% during the 4th quarter. US Bancorp DE now owns 444,540 shares of the company’s stock valued at $35,225,000 after purchasing an additional 19,400 shares during the last quarter. Cambiar Investors LLC bought a new stake in Solventum during the 4th quarter valued at about $4,459,000. Finally, Davis Selected Advisers increased its stake in Solventum by 12.7% during the 4th quarter. Davis Selected Advisers now owns 6,220,072 shares of the company’s stock valued at $492,880,000 after purchasing an additional 702,461 shares in the last quarter.
Solventum Price Performance
Shares of NYSE:SOLV opened at $79.22 on Tuesday. Solventum Corporation has a fifty-two week low of $62.38 and a fifty-two week high of $88.20. The business has a 50-day simple moving average of $77.20 and a two-hundred day simple moving average of $74.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.75 and a current ratio of 1.07. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.25 and a beta of 0.66.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Solventum from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Wedbush started coverage on shares of Solventum in a report on Friday, May 15th. They set an “outperform” rating and a $94.00 price target on the stock. UBS Group downgraded shares of Solventum from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research report on Thursday, May 14th. Wells Fargo & Company decreased their price objective on shares of Solventum from $83.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, BMO Capital Markets began coverage on Solventum in a research report on Wednesday, July 8th. They issued a “market perform” rating and a $81.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $81.91.
Check Out Our Latest Stock Analysis on Solventum
Solventum Profile
Solventum Corporation, a healthcare company, engages in the developing, manufacturing, and commercializing a portfolio of solutions to address critical customer and patient needs. It operates through four segments: Medsurg, Dental Solutions, Health Information Systems, and Purification and Filtration. The Medsurg segment is a provider of solutions including advanced wound care, I.V. site management, sterilization assurance, temperature management, surgical supplies, stethoscopes, and medical electrodes.
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