UL Solutions Inc. (NYSE:ULS) Receives $70.86 Average Target Price from Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $70.8571.

A number of brokerages recently commented on ULS. JPMorgan Chase & Co. lifted their price objective on UL Solutions from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. UBS Group reduced their target price on UL Solutions from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th.

Hedge Funds Weigh In On UL Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULS. Price T Rowe Associates Inc. MD boosted its holdings in UL Solutions by 42.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,782 shares of the company’s stock worth $688,000 after buying an additional 4,100 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of UL Solutions by 56.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 8,827 shares of the company’s stock valued at $440,000 after purchasing an additional 3,185 shares during the period. Northern Trust Corp grew its position in shares of UL Solutions by 34.1% in the 4th quarter. Northern Trust Corp now owns 183,724 shares of the company’s stock valued at $9,164,000 after purchasing an additional 46,736 shares during the period. Ameriprise Financial Inc. grew its position in shares of UL Solutions by 3.3% in the 4th quarter. Ameriprise Financial Inc. now owns 124,579 shares of the company’s stock valued at $6,214,000 after purchasing an additional 3,929 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of UL Solutions by 111.9% in the 4th quarter. BNP Paribas Financial Markets now owns 160,019 shares of the company’s stock valued at $7,982,000 after purchasing an additional 84,493 shares during the period.

UL Solutions Price Performance

Shares of ULS stock opened at $67.58 on Tuesday. The stock has a 50-day moving average price of $67.76 and a 200 day moving average price of $64.47. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.55. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 41.71 and a beta of 0.98. UL Solutions has a 12 month low of $48.11 and a 12 month high of $74.15.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $771.55 million. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Research analysts expect that UL Solutions will post 1.69 EPS for the current year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 29th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.8%. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

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.