UL Solutions Inc. (NYSE:ULS) Announces Dividend Increase - $0.13 Per Share

UL Solutions Inc. (NYSE:ULS - Get Free Report) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.13 per share on Monday, March 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, February 28th. This is a positive change from UL Solutions's previous quarterly dividend of $0.13.

UL Solutions Stock Performance

ULS traded down $0.65 during mid-day trading on Friday, reaching $56.71. The stock had a trading volume of 560,665 shares, compared to its average volume of 381,507. UL Solutions has a 52 week low of $33.15 and a 52 week 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 firm's fifty day simple moving average is $52.03 and its two-hundred day simple moving average is $51.78.

Insider Activity at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares of the company's stock, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ULS shares. Robert W. Baird boosted their price target on UL Solutions from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. UBS Group increased their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, UL Solutions currently has an average rating of "Moderate Buy" and an average target price of $49.00.

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.