UL Solutions Inc. $ULS Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. has increased its stake in UL Solutions Inc. by 10.3%, now owning 139,724 shares valued at approximately $7.88 million.
• UL Solutions recently reported earnings per share of $0.52 for the last quarter, exceeding analysts' estimates and showing a year-over-year revenue increase of 6.3%.
• Shareholders will receive a quarterly dividend of $0.13 per share on September 8, reflecting a 0.8% dividend yield.

Baird Financial Group Inc. lifted its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 10.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,724 shares of the company's stock after buying an additional 13,037 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of UL Solutions worth $7,880,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of UL Solutions by 7.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,530,367 shares of the company's stock worth $255,513,000 after buying an additional 305,658 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of UL Solutions by 1.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,473,990 shares of the company's stock worth $252,333,000 after buying an additional 82,261 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of UL Solutions by 3.5% during the 4th quarter. Janus Henderson Group PLC now owns 2,389,077 shares of the company's stock worth $119,164,000 after buying an additional 81,426 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of UL Solutions during the 1st quarter worth approximately $80,618,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of UL Solutions during the 1st quarter worth approximately $57,999,000.

UL Solutions Stock Performance

UL Solutions stock traded up $0.74 during trading hours on Tuesday, reaching $64.66. 254,432 shares of the stock were exchanged, compared to its average volume of 813,521. The stock has a market cap of $12.99 billion, a P/E ratio of 39.87 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32. UL Solutions Inc. has a 52-week low of $46.79 and a 52-week high of $74.15. The firm's 50 day moving average is $68.18 and its 200 day moving average is $63.99.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. UL Solutions's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. Analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 29th were given a dividend of $0.13 per share. The ex-dividend date was Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.8%. UL Solutions's dividend payout ratio is presently 32.10%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Citigroup reiterated a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $70.86.

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.