Analysts Set UL Solutions Inc. (NYSE:ULS) Target Price at $51.45

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $51.45.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Finally, Citigroup increased their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research report on Tuesday, February 25th.

UL Solutions Price Performance

UL Solutions stock traded down $0.31 during mid-day trading on Tuesday, reaching $53.42. 1,463,209 shares of the company's stock traded hands, compared to its average volume of 722,383. UL Solutions has a 12-month low of $33.15 and a 12-month high of $59.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average of $53.24 and a two-hundred day moving average of $51.91. The company has a market cap of $10.69 billion and a price-to-earnings ratio of 32.97.

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UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. Equities analysts forecast that UL Solutions will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's payout ratio is currently 32.10%.

Insider Activity

In other news, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the transaction, the executive vice president now directly owns 9,285 shares of the company's stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On UL Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest & Ethical Investments L.P. increased its holdings in shares of UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after acquiring an additional 400 shares in the last quarter. Stifel Financial Corp grew its position in UL Solutions by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 30,500 shares of the company's stock worth $1,504,000 after purchasing an additional 485 shares during the last quarter. Stone House Investment Management LLC acquired a new position in UL Solutions during the 3rd quarter valued at approximately $25,000. PNC Financial Services Group Inc. raised its holdings in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after buying an additional 582 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of UL Solutions during the fourth quarter worth $32,000.

UL Solutions Company Profile

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.