Rockefeller Capital Management L.P. Sells 76,190 Shares of UL Solutions Inc. $ULS

Rockefeller Capital Management L.P. decreased its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 26.5% in the 4th quarter, HoldingsChannel reports. The firm owned 211,090 shares of the company’s stock after selling 76,190 shares during the period. Rockefeller Capital Management L.P.’s holdings in UL Solutions were worth $16,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new stake in shares of UL Solutions during the 4th quarter worth about $715,000. Arrow Capital Management LLC bought a new position in UL Solutions in the 4th quarter valued at about $5,773,000. T. Rowe Price Investment Management Inc. lifted its position in UL Solutions by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock worth $463,618,000 after acquiring an additional 545,528 shares during the last quarter. Invesco Ltd. lifted its position in UL Solutions by 399.2% during the fourth quarter. Invesco Ltd. now owns 124,396 shares of the company’s stock worth $9,810,000 after acquiring an additional 99,478 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in shares of UL Solutions during the fourth quarter worth approximately $1,644,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on ULS shares. Telsey Advisory Group set a $100.00 target price on UL Solutions in a research report on Wednesday, May 6th. Citigroup lifted their price target on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded UL Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

UL Solutions Stock Up 0.3%

Shares of ULS opened at $90.00 on Wednesday. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The firm’s 50 day moving average is $95.97 and its 200-day moving average is $84.99. The stock has a market capitalization of $18.14 billion, a PE ratio of 52.63, a P/E/G ratio of 3.49 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

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

UL Solutions Announces Dividend

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

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 12,015 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $99.71, for a total transaction of $1,198,015.65. Following the completion of the sale, the insider directly owned 69,206 shares in the company, valued at approximately $6,900,530.26. This represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alberto Uggetti sold 6,100 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the sale, the executive vice president directly owned 10,307 shares in the company, valued at approximately $1,030,700. This trade represents a 37.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 65,705 shares of company stock worth $6,288,800. Corporate insiders own 1.20% of the company’s stock.

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.