Northwestern Mutual Investment Management Company LLC Acquires Shares of 16,837 UL Solutions Inc. $ULS

Northwestern Mutual Investment Management Company LLC acquired a new stake in UL Solutions Inc. (NYSE:ULS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,837 shares of the company’s stock, valued at approximately $1,328,000.

Several other institutional investors have also recently bought and sold shares of the business. Capital International Investors raised its position in UL Solutions by 10.8% in the 3rd quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock valued at $534,738,000 after purchasing an additional 738,720 shares during the last quarter. Vanguard Group Inc. raised its position in shares of UL Solutions by 21.9% during the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock worth $531,567,000 after acquiring an additional 1,213,188 shares during the last quarter. Capital Research Global Investors raised its position in shares of UL Solutions by 20.6% during the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock worth $279,394,000 after acquiring an additional 674,088 shares during the last quarter. Bessemer Group Inc. raised its position in shares of UL Solutions by 3.3% during the fourth quarter. Bessemer Group Inc. now owns 2,221,669 shares of the company’s stock worth $175,203,000 after acquiring an additional 70,279 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of UL Solutions by 12.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock worth $125,484,000 after acquiring an additional 167,564 shares during the last quarter.

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 8,000 shares of UL Solutions stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $103.96, for a total transaction of $831,680.00. Following the completion of the sale, the insider directly owned 81,221 shares of the company’s stock, valued at $8,443,735.16. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alberto Uggetti sold 6,100 shares of UL Solutions 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 of the company’s stock, valued at approximately $1,030,700. This trade represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,100 shares of company stock valued at $3,655,055 over the last three months. Company insiders own 1.20% of the company’s stock.

UL Solutions Stock Down 0.0%

Shares of UL Solutions stock opened at $98.95 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The business has a fifty day simple moving average of $88.55 and a 200 day simple moving average of $82.68. The stock has a market cap of $19.94 billion, a PE ratio of 57.87, a price-to-earnings-growth ratio of 3.85 and a beta of 0.59.

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

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, March 2nd. UL Solutions’s payout ratio is presently 33.92%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ULS. Wells Fargo & Company boosted their target price on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. UBS Group boosted their target price on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird dropped their target price on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Bank of America boosted their target price on UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $101.54.

UL Solutions Company Profile

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.