Karen Pepping Sells 725 Shares of UL Solutions (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) CAO Karen Pepping sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $97.74, for a total value of $70,861.50. Following the completion of the transaction, the chief accounting officer directly owned 8,082 shares of the company’s stock, valued at $789,934.68. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UL Solutions Price Performance

NYSE ULS traded down $0.80 during mid-day trading on Wednesday, hitting $97.77. The stock had a trading volume of 666,907 shares, compared to its average volume of 875,098. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 57.17, a P/E/G ratio of 3.77 and a beta of 0.63. The company has a 50 day simple moving average of $93.96 and a 200 day simple moving average of $84.53. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The firm had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same period last year, the business posted $0.37 EPS. UL Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a $0.145 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. UL Solutions’s dividend payout ratio is presently 33.92%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ULS. Parallel Advisors LLC grew its stake in UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after buying an additional 234 shares during the period. Assetmark Inc. purchased a new stake in UL Solutions during the third quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 614 shares during the period. Rhumbline Advisers purchased a new stake in UL Solutions during the first quarter worth approximately $49,000. Finally, PNC Financial Services Group Inc. grew its stake in UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after buying an additional 133 shares during the period.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Robert W. Baird dropped their price target on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a research report on Wednesday, May 6th. Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Citigroup upped their price objective on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $101.54.

About UL Solutions

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.