Analysts Set UL Solutions Inc. (NYSE:ULS) Price Target at $51.45

UL Solutions Inc. (NYSE:ULS) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $51.45.

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Citigroup raised their price target on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, February 21st.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, the executive vice president now owns 9,285 shares in the company, valued at $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On UL Solutions

A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in UL Solutions by 3.8% during the fourth quarter. California State Teachers Retirement System now owns 53,334 shares of the company’s stock valued at $2,660,000 after purchasing an additional 1,939 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in UL Solutions during the fourth quarter valued at about $661,000. Connecticut Wealth Management LLC purchased a new stake in UL Solutions during the fourth quarter valued at about $509,000. Repertoire Partners LP purchased a new stake in UL Solutions during the fourth quarter valued at about $2,275,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UL Solutions by 161.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 110,566 shares of the company’s stock valued at $5,515,000 after purchasing an additional 68,259 shares in the last quarter.

UL Solutions Price Performance

Shares of NYSE ULS opened at $53.67 on Tuesday. The stock has a fifty day simple moving average of $53.24 and a two-hundred day simple moving average of $51.91. UL Solutions has a 1-year low of $33.15 and a 1-year high of $59.23. The firm has a market cap of $10.74 billion and a price-to-earnings ratio of 33.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. Analysts anticipate that UL Solutions will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

UL Solutions Company Profile

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.