2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. boosted its holdings in Solventum Co. ( NYSE:SOLV – Free Report ) by 0.
9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 180,629 shares of the company’s stock after purchasing an additional 1,665 shares during the quarter.
Envestnet Asset Management Inc.’s holdings in Solventum were worth $11,932,000 as of its most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in the business.
MML Investors Services LLC boosted its holdings in shares of Solventum by 3.2% in the third quarter. MML Investors Services LLC now owns 5,345 shares of the company’s stock valued at $373,000 after acquiring an additional 168 shares during the period.
Virtu Financial LLC purchased a new stake in shares of Solventum during the 3rd quarter worth $568,000. Sanctuary Advisors LLC increased its holdings in Solventum by 95.6% in the third quarter.
Sanctuary Advisors LLC now owns 19,074 shares of the company’s stock valued at $1,351,000 after buying an additional 9,323 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Solventum by 196.7% in the third quarter.
Wilmington Savings Fund Society FSB now owns 17,062 shares of the company’s stock valued at $1,190,000 after purchasing an additional 11,312 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Solventum by 3.
0% during the third quarter. Principal Financial Group Inc. now owns 169,615 shares of the company’s stock worth $11,826,000 after acquiring an additional 4,896 shares during the last quarter.
Analyst Ratings Changes SOLV has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on Solventum from $73.00 to $80.
00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Bank of America lifted their price target on shares of Solventum from $80.00 to $85.
00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Mizuho upped their price objective on shares of Solventum from $70.00 to $82.
00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Wells Fargo & Company lifted their target price on shares of Solventum from $73.00 to $75.
00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Piper Sandler increased their price target on Solventum from $75.00 to $84.
00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.
com, Solventum presently has a consensus rating of “Hold” and an average price target of $79.86. Solventum Stock Performance Shares of SOLV stock opened at $66.
23 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.
83 and a current ratio of 1.15. The firm has a market capitalization of $11.
46 billion and a price-to-earnings ratio of 24.08. Solventum Co.
has a one year low of $47.16 and a one year high of $85.92.
The company has a 50 day moving average price of $73.56 and a 200 day moving average price of $71.62.
About Solventum ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding SOLV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Solventum Co. ( NYSE:SOLV – Free Report ). Receive News & Ratings for Solventum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solventum and related companies with MarketBeat.
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