UL Solutions Inc. (NYSE:ULS) Receives Consensus Recommendation of “Hold” from Analysts

UL Solutions Inc. (NYSE:ULS) has earned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $87.60.

Several equities research analysts have commented on ULS shares. Wells Fargo & Company boosted their target price on shares of UL Solutions from $97.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. UBS Group raised their price objective on shares of UL Solutions from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Robert W. Baird decreased their price objective on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research report on Friday, February 20th. Finally, Weiss Ratings cut shares of UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th.

Institutional Trading of UL Solutions

A number of institutional investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of UL Solutions during the 3rd quarter worth $40,000. Northwestern Mutual Wealth Management Co. raised its position in UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of UL Solutions in the first quarter valued at about $49,000. PNC Financial Services Group Inc. lifted its holdings in shares of UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock valued at $53,000 after purchasing an additional 161 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of UL Solutions in the third quarter valued at approximately $70,000.

UL Solutions Stock Performance

Shares of ULS stock opened at $84.63 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $78.50 and a 200-day simple moving average of $78.64. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 53.23, a price-to-earnings-growth ratio of 3.52 and a beta of 0.77. UL Solutions has a 12-month low of $49.93 and a 12-month high of $91.95.

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

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is 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.