Northern Trust Corp Grows Stock Holdings in UL Solutions Inc. (NYSE:ULS)

Northern Trust Corp grew its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 34.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,724 shares of the company's stock after purchasing an additional 46,736 shares during the quarter. Northern Trust Corp owned about 0.09% of UL Solutions worth $9,164,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of UL Solutions during the 4th quarter worth approximately $32,000. PNC Financial Services Group Inc. increased its holdings in shares of UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after buying an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after buying an additional 400 shares during the last quarter. KBC Group NV acquired a new stake in shares of UL Solutions during the 4th quarter worth approximately $163,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of UL Solutions during the 4th quarter worth approximately $201,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ULS shares. Raymond James raised their price target on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. UBS Group raised their price target on shares of UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. The Goldman Sachs Group lifted their target price on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Citigroup reiterated a "neutral" rating and issued a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $69.43.

UL Solutions Trading Up 1.0%

UL Solutions stock traded up $0.70 during trading on Friday, hitting $71.70. The company had a trading volume of 419,565 shares, compared to its average volume of 758,671. UL Solutions Inc. has a 1-year low of $37.87 and a 1-year high of $72.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company's 50 day simple moving average is $60.03 and its 200-day simple moving average is $54.98. The stock has a market cap of $14.35 billion and a price-to-earnings ratio of 44.26.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 30th will be paid a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.73%. UL Solutions's dividend payout ratio (DPR) is 31.14%.

Insiders Place Their Bets

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $70.00, for a total value of $137,270.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at $649,950. The trade was a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gitte Schjotz sold 7,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the transaction, the insider now owns 46,889 shares of the company's stock, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock worth $712,064 over the last 90 days. Corporate insiders own 1.20% of the company's stock.

About UL Solutions

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.