Solventum (NYSE:SOLV – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $1.90 by $0.65, FiscalAI reports. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.15 billion. Solventum had a net margin of 17.33% and a return on equity of 23.51%.
Solventum Stock Performance
Shares of NYSE:SOLV traded down $0.68 during trading on Wednesday, reaching $87.26. The company had a trading volume of 1,547,166 shares, compared to its average volume of 1,410,159. Solventum has a fifty-two week low of $62.38 and a fifty-two week high of $88.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.07 and a quick ratio of 0.75. The stock’s fifty day moving average price is $78.87 and its 200 day moving average price is $74.31. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.36 and a beta of 0.60.
Hedge Funds Weigh In On Solventum
Several institutional investors have recently bought and sold shares of SOLV. Pacer Advisors Inc. lifted its stake in shares of Solventum by 28.2% in the 4th quarter. Pacer Advisors Inc. now owns 17,149 shares of the company’s stock worth $1,359,000 after acquiring an additional 3,768 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Solventum by 1,482.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 538 shares of the company’s stock worth $43,000 after purchasing an additional 504 shares in the last quarter. Invesco Ltd. lifted its position in Solventum by 3.4% in the fourth quarter. Invesco Ltd. now owns 2,930,010 shares of the company’s stock valued at $232,174,000 after purchasing an additional 96,236 shares during the period. Corient Private Wealth LLC boosted its holdings in Solventum by 8.3% in the 4th quarter. Corient Private Wealth LLC now owns 44,882 shares of the company’s stock valued at $3,334,000 after purchasing an additional 3,443 shares in the last quarter. Finally, CrossGen Wealth LLC purchased a new stake in Solventum in the 4th quarter valued at approximately $25,000.
Wall Street Analyst Weigh In
Get Our Latest Research Report on SOLV
Solventum Company 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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