Northwestern Mutual Wealth Management Co. Has $1.91 Million Stock Position in UL Solutions Inc. $ULS

Key Points

• Northwestern Mutual Wealth Management sharply increased its stake in UL Solutions, boosting its holdings by 3,697.6% in the fourth quarter to 24,153 shares valued at about $1.91 million.
• Wall Street sentiment on UL Solutions remains positive, with several firms raising price targets; the stock carries a Moderate Buy consensus and an average target price of $101.54.
• UL Solutions reported solid quarterly results, beating EPS and revenue estimates, while also announcing a quarterly dividend of $0.145 per share payable June 8.

Northwestern Mutual Wealth Management Co. boosted its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 3,697.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,153 shares of the company's stock after purchasing an additional 23,517 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in UL Solutions were worth $1,905,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in UL Solutions by 12.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company's stock valued at $125,484,000 after acquiring an additional 167,564 shares during the period. Envestnet Asset Management Inc. raised its holdings in UL Solutions by 405.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company's stock valued at $42,054,000 after acquiring an additional 476,121 shares during the period. Truist Financial Corp raised its holdings in UL Solutions by 1,981.8% in the 3rd quarter. Truist Financial Corp now owns 68,469 shares of the company's stock valued at $4,852,000 after acquiring an additional 65,180 shares during the period. Federated Hermes Inc. raised its holdings in UL Solutions by 25.0% in the 3rd quarter. Federated Hermes Inc. now owns 821,596 shares of the company's stock valued at $58,218,000 after acquiring an additional 164,396 shares during the period. Finally, Candriam S.C.A. raised its holdings in UL Solutions by 99.3% in the 3rd quarter. Candriam S.C.A. now owns 108,079 shares of the company's stock valued at $7,658,000 after acquiring an additional 53,856 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ULS. Bank of America increased their price target on shares of UL Solutions to $86.00 and gave the company a "buy" rating in a report on Tuesday, February 17th. Raymond James Financial reissued an "outperform" rating and issued a $115.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. Telsey Advisory Group set a $100.00 target price on shares of UL Solutions in a report on Wednesday, May 6th. Wall Street Zen raised shares of UL Solutions from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Finally, Wells Fargo & Company raised their target price on shares of UL Solutions from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.54.

UL Solutions Stock Down 0.0%

Shares of ULS opened at $100.78 on Thursday. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The firm's 50 day moving average is $91.54 and its 200-day moving average is $83.77. The stock has a market capitalization of $20.31 billion, a PE ratio of 58.94, a P/E/G ratio of 3.92 and a beta of 0.59. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The company had revenue of $758.00 million for the quarter, compared to analysts' expectations of $748.50 million. During the same period last year, the firm earned $0.37 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 29th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. UL Solutions's dividend payout ratio (DPR) is 33.92%.

Insider Activity

In related news, Director Friedrich Hecker sold 4,000 shares of UL Solutions stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the transaction, the director directly owned 13,180 shares of the company's stock, valued at $1,344,887.20. This trade represents a 23.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alberto Uggetti sold 6,100 shares of UL Solutions stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $100.00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president directly owned 10,307 shares in the company, valued at $1,030,700. This trade represents a 37.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 43,100 shares of company stock valued at $4,063,215. 1.20% of the stock is owned by insiders.

UL Solutions 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.

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