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  6. Solventum Corporation (SOLV) Share Price

Solventum Corporation

Solventum Corporation (SOLV)

SolVBL Solutions Inc
Solvac SA
51.30
-1.05
(-2.01%)
Closed 25 June 6:00AM
Delayed by 15 minutes
51.30
0.00
(0.00%)
After Hours: 9:37AM
Delayed by 15 minutes

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Key stats and details

Current Price
51.30
Bid
-
Offer
-
Volume
2,581,724
51.26 Day's Range 53.00
51.26 52 Week Range 72.40
Market Cap
8.86B
Previous Close
52.35
Open
52.36
Last Trade
1
@
51.97
Last Trade Time
Financial Volume
US$ 134,849,767
VWAP
52.2324
Average Volume (3m)
2,523,785
Shares Outstanding
172,709,505
Dividend Yield
-
PE Ratio
12.80
Earnings Per Share (EPS)
4.01
Revenue
8.24B
Net Profit
692M

About Solventum Corporation

Solventum originates from two words: 'solving' and 'momentum.'Solving' captures the company's dedication to finding breakthrough solutions. The organization will listen closely to health care professionals and never stop solving for them -and the many lives they enhance globally. 'Momentum' symboliz... Solventum originates from two words: 'solving' and 'momentum.'Solving' captures the company's dedication to finding breakthrough solutions. The organization will listen closely to health care professionals and never stop solving for them -and the many lives they enhance globally. 'Momentum' symbolizes swifter, nimbler innovation. As the independent health care company builds on every achievement, large and small, its momentum propels it past barriers, towards breakthroughs. The new name represents how the independent health care company will focus on solving big health care challenges and emphasizes the tremendous impact it can make on the world. Show more

Sector
Surgical,med Instr,apparatus
Industry
Surgical,med Instr,apparatus
Website
www.solventum.com
Headquarters
Maple Plain, Minnesota, USA
Founded
1970
Solventum Corporation is listed in the Surgical,med Instr,apparatus sector of the New York Stock Exchange with ticker SOLV. The last closing price for Solventum was US$52.35. Over the last year, Solventum shares have traded in a share price range of US$ 51.26 to US$ 72.40.

Solventum currently has 172,709,505 shares in issue. The market capitalisation of Solventum is US$8.86 billion. Solventum has a price to earnings ratio (PE ratio) of 12.80.

SOLV Latest News

More News

Solventum introduces denials prevention solution, an AI-powered tool, empowering health systems to help reduce write-offs and improve top line revenue

Solventum introduces denials prevention solution, an AI-powered tool, empowering health systems to help reduce write-offs and improve top line revenue PR Newswire ST. PAUL, Minn., June 24, 2024...

17 hours ago
PR Newswire (US)

Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer"

Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer" PR Newswire ST. PAUL, Minn., June 7, 2024 ST. PAUL, Minn., June 7, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV...

07 June 2024
PR Newswire (US)

Form 8-K - Current report

18 May 2024
Edgar (US Regulatory)

Form 4 - Statement of changes in beneficial ownership of securities

16 May 2024
Edgar (US Regulatory)

Form 4 - Statement of changes in beneficial ownership of securities

16 May 2024
Edgar (US Regulatory)

Form 4 - Statement of changes in beneficial ownership of securities

16 May 2024
Edgar (US Regulatory)

Form 4 - Statement of changes in beneficial ownership of securities

16 May 2024
Edgar (US Regulatory)

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

10 May 2024
Edgar (US Regulatory)
Period †ChangeChange %OpenHighLowAvg. Daily VolVWAP
1-3.12-5.7331863285654.4255.0751.26316719652.94189504CS
4-8.9-14.784053156160.260.2551.26220879055.88297221CS
12-17.85-25.813449023969.1572.451.26252378562.59531652CS
26-17.85-25.813449023969.1572.451.26252378562.59531652CS
52-17.85-25.813449023969.1572.451.26252378562.59531652CS
156-17.85-25.813449023969.1572.451.26252378562.59531652CS
260-17.85-25.813449023969.1572.451.26252378562.59531652CS

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SOLV Discussion

View Posts
KingOfSwing...Trading KingOfSwing...Trading 1 month ago
Thank for the excellent post. Very useful.
👍️0
DewDiligence DewDiligence 2 months ago
SOLV reports pro forma 1Q24 results—reiterates 2024 guidance:

https://finance.yahoo.com/news/solventum-reports-first-quarter-2024-105000516.html

SOLV was spun out of 3M on 4/1/24, so the 1Q24 financial results are pro forma based on what SOLV would have reported if it had it been an independent company.

SOLV re-iterated 2024 guidance given on 3/19/24—see #msg-174067513. (2024 guidance includes the pro forma financials for 1Q24 and actual SOLV results for the remainder of the year.)

The only consequential update is that SOLV is not initiating a dividend, so that free cash flow can be directed toward paying down debt. This decision is not surprising in light of the large debt load SOLV took on as part of the spinoff from 3M.

p.s. No 1Q24 CC due to the Investor Day webcast just a few weeks ago.
👍️0
Porgie Tirebiter Porgie Tirebiter 3 months ago
All of a sudden, I own shares of SOLV! I guess I should have been paying more attention to 3M.

I've had 3M for years and years, just collecting the dividend and probably not paying enough attention to it!
👍️0
DewDiligence DewDiligence 3 months ago
SOLV begins trading on NYSE following completion of spinoff from 3M:

https://finance.yahoo.com/news/solventum-begins-trading-york-stock-103000676.html
👍️ 1
DewDiligence DewDiligence 3 months ago
SOLV Investor Day CC slides:

https://d1io3yog0oux5.cloudfront.net/_7984eceea22d0dd69e55aae6e648ee7c/3m/db/3194/30840/presentation/Solventum+Investor+Day+3.19.2024.pdf
👍️ 1
DewDiligence DewDiligence 3 months ago
SOLV issues 2024 guidance:

https://finance.yahoo.com/news/solventum-hosts-inaugural-investor-day-103000871.html

• Organic revenue growth of -2% to 0%

• Adjusted earnings per share (EPS) of $6.10 to $6.40

• Free cash flow of $700M to $800M
👍️ 1
DewDiligence DewDiligence 4 months ago
Details of 3M’s SOLV spinoff finalized:

https://finance.yahoo.com/news/3m-board-directors-approves-spin-165500127.html

3M shareholders of record on 3/18/24 will receive 1 share of SOLV for every 4 shares of 3M. The SOLV shares will be distributed before the market open on 4/1/24.

This is a tax-exempt distribution for US residents.
👍️0
DewDiligence DewDiligence 4 months ago
SOLV sells $6.9B of debt in six tranches:

• $1B of 3yr notes @5.45%

• $1.5B of 5yr notes @5.40%

• $1B of 7yr notes @5.45%

• $1.65B of 10yr notes @5.60%

• $1.25B of 30yr notes @5.90%

• $0.5B of 40yr notes @6.00%

The total debt issuance was supposed to $8.4B (according to 3M's recent webcast), but I don't know where the other $1.5B is coming from.

All but $600M of the proceeds will be paid to 3M as consideration for the spin-off of 3M’s healthcare business to SOLV.
👍️ 1
DewDiligence DewDiligence 4 months ago
SOLV is holding an Investor Day webcast 3/19/24 at 9am ET.
👍️0
DewDiligence DewDiligence 4 months ago
These are the five focal areas for 3M’s healthcare business that will become part of Solventum; they comprise about 25% of 3M’s current company-wide sales:

https://engage.3m.com/purification

https://www.3m.com/3M/en_US/health-information-systems-us/

https://www.3m.com/3M/en_US/medical-us/ (surgical supplies and wound care)

https://www.3m.com/3M/en_US/medical-device-components-us/ (components for other companies’ medical devices)

https://www.3m.com/3M/en_US/oral-care-us/ (dentistry and othodontics)
👍️0
DewDiligence DewDiligence 4 months ago
Further details of 3M/SOLV capitalization:

SOLV will sell $8.4B of new debt, keeping $600M of the proceeds and paying $7.7B as a one-time (tax-free) dividend to 3M. (~$100M of the debt proceeds will go to underwriting fees.)

After the debt issuance and one-time payment to 3M, SOLV will have a debt/EBITDA ratio of ~3.5.
👍️0
DewDiligence DewDiligence 4 months ago
3M sets 4/1/24 date for Solventum spin-off:

https://d1io3yog0oux5.cloudfront.net/_28c5051c41e86ce7771a2dfe11a5ee94/3m/news/2024-02-21_3M_Announces_Filing_of_Form_10_Registration_1826.pdf
👍️0

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