Rockefeller Capital Management L.P. Sells 76,190 Shares of UL Solutions Inc. $ULS

Key Points

• Rockefeller Capital Management reduced its UL Solutions stake by 26.5% in the fourth quarter, selling 76,190 shares and leaving it with 211,090 shares valued at about $16.6 million.
• UL Solutions reported strong quarterly results, with EPS of $0.50 beating estimates and revenue of $758 million topping expectations; revenue also rose 7.5% year over year.
• Analysts remain largely constructive, with a Moderate Buy consensus and an average price target of $101.54, even as recent insider sales and mixed ratings continue to draw attention.

Rockefeller Capital Management L.P. cut its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 211,090 shares of the company's stock after selling 76,190 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.10% of UL Solutions worth $16,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of UL Solutions in the third quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company's stock worth $46,000 after buying an additional 614 shares in the last quarter. Rhumbline Advisers bought a new position in shares of UL Solutions during the first quarter worth about $49,000. PNC Financial Services Group Inc. raised its position in UL Solutions by 18.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company's stock valued at $61,000 after buying an additional 133 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in UL Solutions by 112.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company's stock valued at $71,000 after buying an additional 479 shares during the last quarter.

UL Solutions Stock Up 0.3%

ULS stock opened at $90.00 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $95.97 and a two-hundred day moving average price of $84.99. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 52.63, a P/E/G ratio of 3.49 and a beta of 0.63. UL Solutions Inc. has a twelve month low of $61.64 and a twelve month high of $107.54.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million for the quarter, compared to analysts' expectations of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. Analysts anticipate that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 29th. UL Solutions's dividend payout ratio is 33.92%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ULS shares. BNP Paribas Exane began coverage on UL Solutions in a research report on Monday, April 20th. They set a "neutral" rating and a $95.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of UL Solutions from $88.00 to $108.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Citigroup boosted their price objective on shares of UL Solutions from $87.80 to $106.40 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of UL Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of UL Solutions in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.54.

Insider Activity

In other news, insider Gitte Schjotz sold 9,865 shares of the business's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $96.98, for a total transaction of $956,707.70. Following the transaction, the insider directly owned 59,341 shares in the company, valued at $5,754,890.18. The trade was a 14.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alberto Uggetti sold 6,100 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 10,307 shares in the company, valued at approximately $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 65,705 shares of company stock valued at $6,288,800. 1.20% of the stock is owned by corporate insiders.

UL Solutions Company 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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