UL Solutions Inc. $ULS Position Reduced by Schroder Investment Management Group

Schroder Investment Management Group trimmed its position in UL Solutions Inc. (NYSE:ULS) by 9.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 353,959 shares of the company’s stock after selling 38,746 shares during the period. Schroder Investment Management Group’s holdings in UL Solutions were worth $24,837,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of UL Solutions by 4.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock valued at $251,000 after buying an additional 145 shares during the period. Cresset Asset Management LLC boosted its stake in UL Solutions by 4.0% during the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after buying an additional 159 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in UL Solutions by 3.6% during the third quarter. Sheets Smith Wealth Management now owns 4,674 shares of the company’s stock worth $331,000 after acquiring an additional 164 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in UL Solutions by 48.4% during the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after acquiring an additional 171 shares during the period.

UL Solutions Stock Performance

ULS stock opened at $83.49 on Friday. The firm has a 50 day simple moving average of $77.02 and a 200 day simple moving average of $76.54. UL Solutions Inc. has a 52 week low of $49.69 and a 52 week high of $91.95. The stock has a market cap of $16.79 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $782.37 million. During the same period last year, the company earned $0.49 earnings per share. UL Solutions’s quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, March 2nd. UL Solutions’s dividend payout ratio is presently 36.48%.

Wall Street Analyst Weigh In

ULS has been the topic of several research reports. Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a research note on Friday, February 20th. Citigroup dropped their target price on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $84.00 to $88.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Bank of America raised their target price on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, UL Solutions has a consensus rating of “Hold” and an average target price of $87.60.

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.