Philip James Wealth Mangement LLC Sells 12,479 Shares of Solventum Co. (NYSE:SOLV)

Philip James Wealth Mangement LLC cut its holdings in Solventum Co. (NYSE:SOLV - Free Report) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,432 shares of the company's stock after selling 12,479 shares during the quarter. Philip James Wealth Mangement LLC's holdings in Solventum were worth $3,596,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Copeland Capital Management LLC bought a new position in Solventum in the third quarter valued at about $26,000. Modus Advisors LLC bought a new position in shares of Solventum during the fourth quarter worth about $25,000. Stonebridge Financial Group LLC bought a new position in shares of Solventum during the fourth quarter worth about $26,000. True Wealth Design LLC raised its position 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 acquiring an additional 471 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Solventum during the fourth quarter worth about $32,000.

Analyst Upgrades and Downgrades

SOLV has been the subject of a number of analyst reports. Piper Sandler raised their price objective on Solventum from $71.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Morgan Stanley raised their price objective on Solventum from $60.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. Finally, Mizuho began coverage on Solventum in a research report on Wednesday, December 4th. They set a "neutral" rating and a $70.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $68.29.

Solventum Stock Down 0.1 %

SOLV stock traded down $0.06 during mid-day trading on Wednesday, reaching $74.29. The company's stock had a trading volume of 425,176 shares, compared to its average volume of 904,585. The business's 50 day moving average price is $70.91 and its 200 day moving average price is $68.88. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 2.45. Solventum Co. has a 12 month low of $47.16 and a 12 month 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.