UL Solutions Inc. (NYSE:ULS) Shares Sold by Entropy Technologies LP

Key Points

• Entropy Technologies LP reduced its stake in UL Solutions Inc. by 35.1%, holding 15,624 shares valued at approximately $881,000 after selling 8,467 shares in the first quarter.
• Multiple research analysts have increased their price targets for UL Solutions, with Wells Fargo raising theirs to $77.00 and maintaining an "overweight" rating, while UBS Group lowered its target from $72.00 to $70.00.
• UL Solutions announced a quarterly dividend of $0.13, which translates to an annualized dividend yield of 0.8% and a payout ratio of 32.10%.

Entropy Technologies LP trimmed its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 35.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,624 shares of the company's stock after selling 8,467 shares during the quarter. Entropy Technologies LP's holdings in UL Solutions were worth $881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in shares of UL Solutions during the fourth quarter worth about $32,000. Rhumbline Advisers acquired a new position in shares of UL Solutions during the first quarter worth about $49,000. Argent Trust Co acquired a new position in shares of UL Solutions during the first quarter worth about $208,000. Phillips Wealth Planners LLC acquired a new position in shares of UL Solutions during the first quarter worth about $226,000. Finally, Sowell Financial Services LLC acquired a new position in shares of UL Solutions during the first quarter worth about $227,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ULS shares. Robert W. Baird boosted their price target on shares of UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Raymond James Financial upped their target price on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. UBS Group lowered their target price on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Citigroup restated a "neutral" rating and set a $71.00 target price (up from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $70.86.

UL Solutions Stock Down 0.5%

ULS stock opened at $66.33 on Tuesday. The company's 50 day simple moving average is $70.63 and its 200-day simple moving average is $62.57. The firm has a market capitalization of $13.30 billion, a PE ratio of 40.95 and a beta of 1.00. UL Solutions Inc. has a 12 month low of $46.79 and a 12 month high of $74.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly 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 business had revenue of $776.00 million for the quarter, compared to analyst estimates of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 earnings per share. Equities analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 30th were given a $0.13 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.8%. UL Solutions's dividend payout ratio is currently 32.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.