Handelsbanken Fonder AB Has $1.46 Million Stake in UL Solutions Inc. $ULS

Handelsbanken Fonder AB grew its stake in shares of UL Solutions Inc. (NYSE:ULS) by 54.9% in the third quarter, HoldingsChannel.com reports. The firm owned 20,600 shares of the company’s stock after purchasing an additional 7,300 shares during the period. Handelsbanken Fonder AB’s holdings in UL Solutions were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after buying an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in UL Solutions by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock valued at $251,000 after buying an additional 145 shares during the last quarter. Cresset Asset Management LLC lifted its stake in UL Solutions by 4.0% during the 2nd quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after acquiring an additional 159 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in UL Solutions by 3.6% during the 3rd quarter. Sheets Smith Wealth Management now owns 4,674 shares of the company’s stock worth $331,000 after acquiring an additional 164 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in UL Solutions by 48.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after acquiring an additional 171 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on ULS. Robert W. Baird lowered their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Bank of America upped their price objective on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. UBS Group lifted their target price on shares of UL Solutions from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings downgraded UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Zacks Research lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.60.

UL Solutions Stock Performance

Shares of ULS stock opened at $81.11 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 51.01, a P/E/G ratio of 3.38 and a beta of 0.87. UL Solutions Inc. has a 52 week low of $49.34 and a 52 week high of $91.95. The firm’s 50-day simple moving average is $76.71 and its two-hundred day simple moving average is $75.94.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $782.37 million. During the same quarter last year, the business posted $0.49 EPS. UL Solutions’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is currently 36.48%.

UL Solutions Company Profile

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.