Fifth Third Wealth Advisors LLC Invests $385,000 in Solstice Advanced Mat $SOLS

Fifth Third Wealth Advisors LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 7,932 shares of the company’s stock, valued at approximately $385,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new position in Solstice Advanced Mat in the fourth quarter worth approximately $2,259,000. Kieckhefer Group LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $1,232,000. Exchange Traded Concepts LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $1,215,000. Wallington Asset Management LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $974,000. Finally, Parsons Capital Management Inc. RI bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth $625,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Solstice Advanced Mat in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Finally, Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $76.42 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98. The company has a fifty day moving average of $72.95. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The stock has a market cap of $12.13 billion and a price-to-earnings ratio of 293.92.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to analysts’ expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.

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.