South Dakota Investment Council Has $17.61 Million Stock Holdings in Solventum Co. (NYSE:SOLV)

South Dakota Investment Council lowered its stake in shares of Solventum Co. (NYSE:SOLV) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 266,579 shares of the company’s stock after selling 3,400 shares during the period. South Dakota Investment Council’s holdings in Solventum were worth $17,610,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in Solventum during the 4th quarter valued at about $25,000. Stonebridge Financial Group LLC acquired a new position in Solventum during the 4th quarter valued at about $26,000. True Wealth Design LLC boosted its stake in shares of Solventum by 23,550.0% in the 3rd quarter. True Wealth Design LLC now owns 473 shares of the company’s stock worth $33,000 after buying an additional 471 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Solventum in the 4th quarter worth approximately $32,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of Solventum in the 3rd quarter worth approximately $35,000.

Wall Street Analyst Weigh In

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

Solventum Trading Down 1.9 %

Solventum stock opened at $73.08 on Friday. Solventum Co. has a fifty-two week low of $47.16 and a fifty-two week high of $96.05. The firm’s fifty day moving average price is $71.14 and its 200-day moving average price is $69.15. 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.