UL Solutions Inc. (NYSE:ULS – Get Free Report) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $101.54.
A number of research analysts have commented on the company. Bank of America upped their price objective on UL Solutions to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. BNP Paribas Exane assumed coverage on UL Solutions in a report on Monday, April 20th. They issued a “neutral” rating and a $95.00 price objective on the stock. Citigroup upped their price objective on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Zacks Research raised UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th.
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UL Solutions Stock Performance
UL Solutions (NYSE:ULS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The firm had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. During the same period in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts forecast that UL Solutions will post 2.1 EPS for the current year.
UL Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. UL Solutions’s dividend payout ratio is 33.92%.
Insider Transactions at UL Solutions
In other news, EVP Alberto Uggetti sold 6,100 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $100.00, for a total transaction of $610,000.00. Following the sale, the executive vice president directly owned 10,307 shares of the company’s stock, valued at approximately $1,030,700. This represents a 37.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gitte Schjotz sold 8,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $103.96, for a total value of $831,680.00. Following the sale, the insider directly owned 81,221 shares in the company, valued at approximately $8,443,735.16. This trade represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,100 shares of company stock valued at $3,655,055. 1.20% of the stock is owned by corporate insiders.
Institutional Trading of UL Solutions
Large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of UL Solutions by 349.3% during the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after purchasing an additional 234 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of UL Solutions during the 3rd quarter worth $40,000. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 614 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of UL Solutions during the 1st quarter worth $49,000.
About UL Solutions
UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.
The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.
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