1,391 Shares in Solventum Co. (NYSE:SOLV) Acquired by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC acquired a new position in shares of Solventum Co. (NYSE:SOLV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,391 shares of the company’s stock, valued at approximately $74,000.

A number of other institutional investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of Solventum during the 2nd quarter worth $25,000. Partnership Wealth Management LLC purchased a new position in Solventum during the 2nd quarter valued at about $26,000. Richard W. Paul & Associates LLC acquired a new position in Solventum during the second quarter worth about $26,000. Family Firm Inc. purchased a new stake in shares of Solventum in the second quarter valued at about $26,000. Finally, M&R Capital Management Inc. acquired a new stake in shares of Solventum in the second quarter valued at approximately $27,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SOLV shares. The Goldman Sachs Group upped their target price on Solventum from $48.00 to $54.00 and gave the company a “sell” rating in a research note on Monday, August 12th. Bank of America decreased their price objective on Solventum from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. Morgan Stanley cut their target price on shares of Solventum from $70.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, July 15th. BTIG Research began coverage on shares of Solventum in a research note on Thursday, September 5th. They set a “neutral” rating on the stock. Finally, Argus started coverage on shares of Solventum in a research report on Monday, June 24th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Solventum presently has an average rating of “Hold” and an average price target of $58.25.

Solventum Trading Up 0.3 %

NYSE SOLV opened at $72.32 on Friday. The stock’s 50-day simple moving average is $60.59. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.90. Solventum Co. has a twelve month low of $47.16 and a twelve month high of $96.05.

Solventum (NYSE:SOLV) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Solventum Co. will post 6.38 earnings per share for the current year.

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.