Blair William & Co. IL acquired a brand new place in shares of Solventum Co. (NYSE:SOLV – Free Report) through the 2nd quarter, based on its most up-to-date 13F submitting with the SEC. The fund acquired 16,581 shares of the corporate’s inventory, valued at roughly $877,000.
A number of different hedge funds and different institutional buyers additionally not too long ago purchased and offered shares of the enterprise. Vanguard Customized Indexing Administration LLC bought a brand new stake in Solventum through the 2nd quarter price roughly $503,000. Amalgamated Financial institution bought a brand new stake in Solventum through the 2nd quarter price roughly $2,380,000. Mercer International Advisors Inc. ADV bought a brand new stake in Solventum through the 2nd quarter price roughly $730,000. Argent Belief Co purchased a brand new stake in shares of Solventum within the 2nd quarter valued at roughly $383,000. Lastly, SYSTM Wealth Options LLC purchased a brand new stake in shares of Solventum within the 2nd quarter valued at roughly $74,000.
Solventum Inventory Efficiency
Shares of SOLV opened at $70.04 on Wednesday. The inventory’s fifty day transferring common is $61.85. The corporate has a fast ratio of 0.96, a present ratio of 1.31 and a debt-to-equity ratio of two.90. Solventum Co. has a 12 month low of $47.16 and a 12 month excessive of $96.05.
Solventum (NYSE:SOLV – Get Free Report) final issued its quarterly earnings knowledge on Thursday, August eighth. The corporate reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The corporate had income of $2.08 billion for the quarter, in comparison with the consensus estimate of $2.05 billion. The enterprise’s quarterly income was up .2% on a year-over-year foundation. On common, equities analysts forecast that Solventum Co. will submit 6.38 EPS for the present fiscal 12 months.
Analyst Rankings Adjustments
Numerous equities analysis analysts have not too long ago weighed in on the corporate. Morgan Stanley lowered their worth goal on Solventum from $70.00 to $55.00 and set an “equal weight” score for the corporate in a report on Monday, July fifteenth. The Goldman Sachs Group boosted their worth goal on Solventum from $48.00 to $54.00 and gave the corporate a “promote” score in a report on Monday, August twelfth. Wells Fargo & Firm lowered their worth goal on Solventum from $69.00 to $64.00 and set an “equal weight” score for the corporate in a report on Friday, August ninth. Financial institution of America lowered their worth goal on Solventum from $70.00 to $60.00 and set a “impartial” score for the corporate in a report on Tuesday, June twenty fifth. Lastly, BTIG Analysis assumed protection on Solventum in a analysis notice on Thursday, September fifth. They set a “impartial” score for the corporate. One equities analysis analyst has rated the inventory with a promote score and 6 have assigned a maintain score to the corporate’s inventory. In line with MarketBeat.com, the inventory has a consensus score of “Maintain” and a mean worth goal of $58.25.
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About Solventum
Solventum Company, a healthcare firm, engages within the growing, manufacturing, and commercializing a portfolio of options to deal with crucial buyer and affected person wants. It operates by 4 segments: Medsurg, Dental Options, Well being Info Techniques, and Purification and Filtration.
See Additionally
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