Solventum Co. (NYSE:SOLV) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its holdings in Solventum Co. (NYSE:SOLV) by 3.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,549 shares of the company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Solventum were worth $433,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC bought a new position in Solventum during the 3rd quarter worth $60,000. Blue Trust Inc. bought a new position in shares of Solventum during the third quarter worth about $538,000. Copeland Capital Management LLC acquired a new stake in shares of Solventum in the 3rd quarter worth about $26,000. Foundations Investment Advisors LLC bought a new stake in Solventum in the 3rd quarter valued at about $345,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Solventum by 8.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,737 shares of the company’s stock valued at $400,000 after purchasing an additional 441 shares during the period.

Wall Street Analysts Forecast Growth

SOLV has been the topic of a number of recent analyst reports. Mizuho initiated coverage on Solventum in a report on Wednesday, December 4th. They set a “neutral” rating and a $70.00 price target on the stock. Piper Sandler lifted their target price on Solventum from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Morgan Stanley increased their price target on Solventum from $60.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Solventum has a consensus rating of “Hold” and an average target price of $68.29.

Solventum Price Performance

NYSE:SOLV opened at $74.27 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 2.45. The business’s 50-day moving average price is $70.82 and its 200 day moving average price is $68.76. Solventum Co. has a 52-week low of $47.16 and a 52-week high of $96.05.

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.