UL Solutions (NYSE:ULS) Price Target Raised to $40.00

UL Solutions (NYSE:ULS) had its price target boosted by JPMorgan Chase & Co. from $39.00 to $40.00 in a research note released on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

ULS has been the topic of several other research reports. Bank of America started coverage on UL Solutions in a research report on Tuesday, May 7th. They set a buy rating and a $42.00 price target on the stock. Stifel Nicolaus started coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a buy rating and a $40.00 target price on the stock. UBS Group started coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a neutral rating and a $38.00 price target on the stock. Raymond James started coverage on UL Solutions in a research note on Tuesday, May 7th. They issued an outperform rating and a $42.00 price target on the stock. Finally, Robert W. Baird lifted their price target on UL Solutions from $40.00 to $41.00 and gave the company an outperform rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $40.80.

UL Solutions Stock Performance

Shares of NYSE ULS opened at $41.99 on Tuesday. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $43.85.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Monday, June 3rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.50 annualized dividend and a yield of 1.19%.

Insider Activity at UL Solutions

In other UL Solutions news, Director James M. Shannon bought 7,142 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the completion of the purchase, the director now owns 7,142 shares of the company’s stock, valued at approximately $199,976. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other UL Solutions news, Director James M. Shannon bought 7,142 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the completion of the purchase, the director now owns 7,142 shares of the company’s stock, valued at approximately $199,976. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Linda S. Chapin purchased 1,785 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, with a total value of $49,980.00. Following the transaction, the executive vice president now owns 1,785 shares of the company’s stock, valued at approximately $49,980. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 199,997 shares of company stock worth $5,599,916.

About UL Solutions

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.