Solventum Co. (NYSE:SOLV) Holdings Decreased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its holdings in shares of Solventum Co. (NYSE:SOLV) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,169 shares of the company’s stock after selling 650 shares during the period. OneDigital Investment Advisors LLC’s holdings in Solventum were worth $291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Solventum during the 1st quarter valued at about $43,000. Magnetar Financial LLC acquired a new stake in Solventum in the first quarter worth approximately $3,478,000. Alpine Global Management LLC acquired a new stake in Solventum in the first quarter worth approximately $1,766,000. Price T Rowe Associates Inc. MD bought a new position in Solventum during the 1st quarter valued at $5,889,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Solventum during the 1st quarter valued at $30,000.

Analyst Ratings Changes

SOLV has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Solventum from $48.00 to $54.00 and gave the company a “sell” rating in a report on Monday, August 12th. Stifel Nicolaus began coverage on shares of Solventum in a research note on Tuesday, October 8th. They set a “buy” rating and a $82.00 target price for the company. BTIG Research started coverage on shares of Solventum in a research report on Thursday, September 5th. They issued a “neutral” rating on the stock. Morgan Stanley increased their price objective on Solventum from $60.00 to $73.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Wolfe Research initiated coverage on Solventum in a report on Thursday, September 26th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Solventum Price Performance

NYSE:SOLV opened at $69.63 on Friday. Solventum Co. has a 52 week low of $47.16 and a 52 week high of $96.05. The company has a 50-day moving average of $70.51 and a 200-day moving average of $62.31. The company has a quick ratio of 0.83, a current ratio of 1.15 and a debt-to-equity ratio of 2.45.

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.