UL Solutions Inc. (NYSE:ULS) Stock Has Average Target Price of $95.88 According to Brokerages

Shares of UL Solutions Inc. (NYSE:ULS) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $95.88.

Several equities analysts recently issued reports on ULS shares. Citigroup cut their target price on UL Solutions from $106.40 to $82.80 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Robert W. Baird reduced their target price on UL Solutions from $95.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. UBS Group lifted their price target on UL Solutions from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen downgraded UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, The Goldman Sachs Group set a $86.00 price target on UL Solutions in a research note on Wednesday, August 5th.

Insider Activity at UL Solutions

In related news, CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $70.08, for a total transaction of $876,000.00. Following the completion of the sale, the chief executive officer owned 126,724 shares of the company’s stock, valued at $8,880,817.92. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 37,500 shares of company stock worth $2,947,750 over the last three months. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On UL Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. WoodTrust Financial Corp raised its position in UL Solutions by 58.4% during the 3rd quarter. WoodTrust Financial Corp now owns 10,850 shares of the company’s stock worth $712,000 after buying an additional 4,000 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of UL Solutions by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,331 shares of the company’s stock valued at $153,000 after acquiring an additional 732 shares during the last quarter. Fenimore Asset Management Inc purchased a new stake in shares of UL Solutions in the 3rd quarter valued at $11,664,000. Hall Laurie J Trustee increased its stake in shares of UL Solutions by 4.0% in the third quarter. Hall Laurie J Trustee now owns 63,880 shares of the company’s stock worth $4,192,000 after acquiring an additional 2,447 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of UL Solutions by 11.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,879 shares of the company’s stock worth $293,000 after acquiring an additional 288 shares during the period.

UL Solutions Trading Down 0.0%

NYSE ULS opened at $71.17 on Wednesday. The company has a fifty day simple moving average of $71.56 and a two-hundred day simple moving average of $85.24. The stock has a market cap of $14.37 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.95 and a beta of 0.72. UL Solutions has a 12-month low of $63.17 and a 12-month high of $107.54. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $816.00 million during the quarter, compared to the consensus estimate of $813.62 million. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, analysts forecast that UL Solutions will post 2.08 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 31st were paid a $0.1450 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 31st. UL Solutions’s dividend payout ratio (DPR) is presently 23.48%.

UL Solutions Company Profile

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that helps organizations assess and manage safety, security, sustainability and performance risks. The company provides testing, inspection and certification services, along with advisory and software solutions, for products, facilities, systems and supply chains.

Its services support a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology and the built environment.