Northwestern Mutual Wealth Management Co. Purchases 23,517 Shares of UL Solutions Inc. $ULS

Northwestern Mutual Wealth Management Co. boosted its position in UL Solutions Inc. (NYSE:ULSFree Report) by 3,697.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,153 shares of the company’s stock after acquiring an additional 23,517 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in UL Solutions were worth $1,905,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in UL Solutions by 12.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock valued at $125,484,000 after buying an additional 167,564 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in UL Solutions by 405.7% in the third quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock valued at $42,054,000 after buying an additional 476,121 shares in the last quarter. Truist Financial Corp boosted its position in UL Solutions by 1,981.8% in the third quarter. Truist Financial Corp now owns 68,469 shares of the company’s stock valued at $4,852,000 after buying an additional 65,180 shares in the last quarter. Federated Hermes Inc. boosted its position in UL Solutions by 25.0% in the third quarter. Federated Hermes Inc. now owns 821,596 shares of the company’s stock valued at $58,218,000 after buying an additional 164,396 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in UL Solutions by 99.3% in the third quarter. Candriam S.C.A. now owns 108,079 shares of the company’s stock valued at $7,658,000 after buying an additional 53,856 shares in the last quarter.

Insider Buying and Selling at UL Solutions

In related news, insider Gitte Schjotz sold 8,000 shares of UL Solutions stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $103.96, for a total transaction of $831,680.00. Following the completion of the transaction, the insider owned 81,221 shares of the company’s stock, valued at $8,443,735.16. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alberto Uggetti sold 6,100 shares of UL Solutions 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 transaction, the executive vice president directly owned 10,307 shares of the company’s stock, valued at $1,030,700. This represents a 37.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,100 shares of company stock worth $4,063,215 in the last three months. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James Financial restated an “outperform” rating and issued a $115.00 target price on shares of UL Solutions in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of UL Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird cut their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Zacks Research upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

Check Out Our Latest Stock Analysis on ULS

UL Solutions Price Performance

Shares of NYSE:ULS opened at $100.78 on Thursday. The firm has a market cap of $20.31 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 3.92 and a beta of 0.59. The firm’s fifty day moving average is $91.54 and its 200-day moving average is $83.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54.

UL Solutions (NYSE:ULSGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. UL Solutions’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. Sell-side analysts predict that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. UL Solutions’s payout ratio is 33.92%.

UL Solutions Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for UL Solutions (NYSE:ULS)

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