UL Solutions Inc. Declares Quarterly Dividend of $0.13 (NYSE:ULS)

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.13 per share on Monday, December 8th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, November 28th.

UL Solutions Price Performance

Shares of NYSE:ULS traded down $0.96 during trading on Wednesday, reaching $86.76. The stock had a trading volume of 378,432 shares, compared to its average volume of 771,892. The stock has a market capitalization of $17.43 billion, a PE ratio of 51.95 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 1.33. UL Solutions has a 52 week low of $48.54 and a 52 week high of $91.95. The business’s 50-day moving average price is $73.78 and its 200 day moving average price is $70.68.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The company had revenue of $783.00 million for the quarter, compared to analyst estimates of $769.01 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts predict that UL Solutions will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On UL Solutions

Several large investors have recently made changes to their positions in the stock. Elequin Capital LP bought a new position in UL Solutions during the first quarter worth about $31,000. Parkside Financial Bank & Trust lifted its position in shares of UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock valued at $38,000 after buying an additional 171 shares during the last quarter. Assetmark Inc. bought a new position in shares of UL Solutions during the 3rd quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in UL Solutions during the 1st quarter valued at $49,000.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.