UL Solutions (NYSE:ULS) CEO Jennifer Scanlon Sells 12,500 Shares of Stock

UL Solutions Inc. (NYSE:ULSGet Free Report) CEO Jennifer Scanlon sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $92.08, for a total transaction of $1,151,000.00. Following the sale, the chief executive officer owned 151,724 shares of the company’s stock, valued at $13,970,745.92. This represents a 7.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UL Solutions Stock Up 0.8%

ULS stock opened at $79.00 on Thursday. The firm has a market cap of $15.92 billion, a PE ratio of 31.99, a PEG ratio of 3.01 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.16 and a current ratio of 1.42. The firm’s 50 day moving average price is $92.51 and its 200-day moving average price is $87.36. UL Solutions Inc. has a one year low of $61.64 and a one year high of $107.54.

UL Solutions (NYSE:ULSGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $816.00 million during the quarter, compared to analyst estimates of $813.62 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that UL Solutions Inc. will post 2.13 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 29th. UL Solutions’s dividend payout ratio is 23.48%.

Analyst Ratings Changes

ULS has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on UL Solutions from $120.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday. BNP Paribas Exane began coverage on shares of UL Solutions in a research report on Monday, April 20th. They issued a “neutral” rating and a $95.00 target price on the stock. Wall Street Zen lowered shares of UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Citigroup dropped their price target on shares of UL Solutions from $106.40 to $82.80 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Weiss Ratings raised shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.78.

View Our Latest Stock Report on ULS

Institutional Investors Weigh In On UL Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Advisor OS LLC raised its position in UL Solutions by 4.4% in the 4th quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock valued at $274,000 after purchasing an additional 147 shares in the last quarter. Cresset Asset Management LLC grew its position in shares of UL Solutions by 4.0% during the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock worth $304,000 after buying an additional 159 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of UL Solutions by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock worth $1,195,000 after buying an additional 194 shares during the period. Deutsche Bank AG increased its stake in shares of UL Solutions by 6.0% during the fourth quarter. Deutsche Bank AG now owns 3,677 shares of the company’s stock worth $290,000 after buying an additional 207 shares during the period. Finally, Parallel Advisors LLC raised its holdings in UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after acquiring an additional 234 shares in the last quarter.

Key Headlines Impacting UL Solutions

Here are the key news stories impacting UL Solutions this week:

  • Positive Sentiment: UL Solutions reported second-quarter EPS of $0.59, exceeding the $0.56 analyst consensus, while revenue of $816 million also topped expectations of $813.62 million. Revenue increased 5.2% year over year, and EPS rose from $0.52 in the prior-year quarter. UL Solutions Second-Quarter Earnings Report
  • Positive Sentiment: Analyst support remains constructive: Wells Fargo lowered its target to $104 from $120 but retained an “overweight” rating, while UBS cut its target to $96 from $110 and maintained a “buy” rating. Both revised targets imply substantial upside from recent trading levels. Wells Fargo Price Target Update UBS Price Target Update
  • Neutral Sentiment: The broader analyst consensus target was reported at $101.54, suggesting expectations for further appreciation, although the recent target reductions indicate analysts are moderating their outlook after the earnings report. Analyst Consensus Price Target
  • Negative Sentiment: CEO Jennifer F. Scanlon sold 12,500 shares for approximately $1.15 million, reducing her ownership by 7.61%. The transaction may weigh modestly on sentiment, though she continues to hold approximately 151,724 shares. SEC Insider Trading Filing

About UL Solutions

(Get 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.

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Insider Buying and Selling by Quarter for UL Solutions (NYSE:ULS)

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