UL Solutions Inc. (NYSE:ULS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $95.84.

ULS has been the topic of a number of analyst reports. Citigroup decreased their price target on UL Solutions from $82.80 to $81.40 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings cut shares of UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 21st. The Goldman Sachs Group set a $86.00 target price on shares of UL Solutions in a report on Wednesday, August 5th. Robert W. Baird decreased their target price on shares of UL Solutions from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Finally, Wells Fargo & Company upped their price target on shares of UL Solutions from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday.

Insider Buying and Selling at UL Solutions

In related news, CEO Jennifer Scanlon sold 12,500 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $75.03, for a total value of $937,875.00. Following the sale, the chief executive officer directly owned 114,224 shares of the company’s stock, valued at $8,570,226.72. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 37,500 shares of company stock worth $2,734,625 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On UL Solutions

A number of large investors have recently made changes to their positions in the business. New York Life Investment Management LLC grew its stake in shares of UL Solutions by 15.0% in the 3rd quarter. New York Life Investment Management LLC now owns 11,377 shares of the company’s stock worth $747,000 after buying an additional 1,483 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in UL Solutions during the third quarter valued at $49,000. Candriam S.C.A. raised its stake in UL Solutions by 0.3% during the third quarter. Candriam S.C.A. now owns 117,388 shares of the company’s stock valued at $7,731,000 after buying an additional 385 shares during the last quarter. StoneX Group Inc. purchased a new position in UL Solutions during the third quarter valued at $380,000. Finally, Pictet Asset Management Holding SA boosted its holdings in UL Solutions by 24.1% in the third quarter. Pictet Asset Management Holding SA now owns 1,136,171 shares of the company’s stock worth $74,536,000 after acquiring an additional 220,700 shares in the last quarter.

UL Solutions Stock Up 3.4%

ULS opened at $78.75 on Friday. 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 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $71.02 and its 200-day moving average price is $82.53. The company has a market cap of $15.90 billion, a P/E ratio of 31.37, a P/E/G ratio of 3.22 and a beta of 0.62.

UL Solutions (NYSE:ULS) last issued its earnings results on Tuesday, November 3rd. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. UL Solutions had a return on equity of 26.65% and a net margin of 16.07%. The company had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $815.72 million. During the same period in the prior year, the business posted $0.56 EPS. UL Solutions’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that UL Solutions will post 2.09 EPS for the current year.

UL Solutions Announces Dividend

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 dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 31st. UL Solutions’s dividend payout ratio is 23.11%.

About UL Solutions

UL Solutions Inc provides testing, inspection, certification, software and advisory services focused on product safety, performance and sustainability. Its work helps companies assess products and processes against technical standards and regulatory requirements.

The company serves manufacturers and other organizations across industries and geographies. Its services include product testing and certification, cybersecurity and supply-chain assessments, and software and consulting tools for managing compliance and sustainability efforts.

UL Solutions traces its history to Underwriters’ Electrical Bureau, founded in 1894 by engineer William Henry Merrill.