Blair William & Co. IL Acquires 14,690 Shares of UL Solutions Inc. $ULS

Key Points

• Blair William & Co. IL increased its stake in UL Solutions Inc. by 2.0%, acquiring 14,690 additional shares and holding 748,571 shares valued at approximately $54.5 million.
• Analysts have recently issued a consensus rating of "Moderate Buy" for UL Solutions, with price targets varying from $70.00 to $72.00.
• UL Solutions announced a quarterly dividend of $0.13 per share, reflecting a 0.7% dividend yield and a payout ratio of 32.10%.

Blair William & Co. IL boosted its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 748,571 shares of the company's stock after purchasing an additional 14,690 shares during the period. Blair William & Co. IL owned about 0.37% of UL Solutions worth $54,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULS. KLP Kapitalforvaltning AS raised its stake in shares of UL Solutions by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 17,100 shares of the company's stock valued at $1,246,000 after acquiring an additional 200 shares during the last quarter. Hall Laurie J Trustee raised its stake in shares of UL Solutions by 0.6% in the second quarter. Hall Laurie J Trustee now owns 56,405 shares of the company's stock valued at $4,110,000 after acquiring an additional 350 shares during the last quarter. Elequin Capital LP bought a new position in shares of UL Solutions in the first quarter valued at approximately $31,000. Connecticut Wealth Management LLC raised its stake in shares of UL Solutions by 5.7% in the first quarter. Connecticut Wealth Management LLC now owns 10,785 shares of the company's stock valued at $608,000 after acquiring an additional 585 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of UL Solutions by 0.9% in the first quarter. Algert Global LLC now owns 83,530 shares of the company's stock valued at $4,711,000 after acquiring an additional 782 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of UL Solutions in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, UBS Group lowered their price target on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, UL Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.86.

UL Solutions Stock Performance

Shares of UL Solutions stock opened at $72.95 on Friday. The firm has a fifty day moving average of $67.46 and a two-hundred day moving average of $66.53. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 45.03 and a beta of 1.04. UL Solutions Inc. has a 52 week low of $48.54 and a 52 week high of $75.56. 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 (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The company had revenue of $776.00 million during the quarter, compared to analysts' expectations of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, equities research analysts predict that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.7%. UL Solutions's payout ratio is presently 32.10%.

UL Solutions 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.

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