DT Investment Partners LLC Reduces Stock Position in Solventum Co. (NYSE:SOLV)

DT Investment Partners LLC reduced its position in shares of Solventum Co. (NYSE:SOLV) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,695 shares of the company’s stock after selling 241 shares during the period. DT Investment Partners LLC’s holdings in Solventum were worth $178,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Modus Advisors LLC purchased a new stake in shares of Solventum during the fourth quarter worth about $25,000. Copeland Capital Management LLC purchased a new stake in shares of Solventum during the third quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Solventum during the fourth quarter worth about $26,000. Crews Bank & Trust purchased a new stake in shares of Solventum during the fourth quarter worth about $32,000. Finally, True Wealth Design LLC boosted its holdings in shares of Solventum by 23,550.0% during the third quarter. True Wealth Design LLC now owns 473 shares of the company’s stock worth $33,000 after purchasing an additional 471 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SOLV shares. Morgan Stanley increased their target price on shares of Solventum from $60.00 to $73.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Mizuho started coverage on shares of Solventum in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Piper Sandler increased their price target on shares of Solventum from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.29.

Solventum Price Performance

SOLV stock opened at $74.29 on Friday. Solventum Co. has a 1 year low of $47.16 and a 1 year high of $96.05. The firm has a 50-day moving average of $70.57 and a 200 day moving average of $68.35. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 0.83.

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.