UL Solutions Inc. (NYSE:ULS) Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 88.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,224,709 shares of the company's stock after buying an additional 1,987,295 shares during the period. T. Rowe Price Investment Management Inc. owned 2.11% of UL Solutions worth $210,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. lifted its position in shares of UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after buying an additional 582 shares in the last quarter. Lisanti Capital Growth LLC boosted its holdings in shares of UL Solutions by 0.7% in the 4th quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company's stock valued at $4,670,000 after buying an additional 690 shares in the last quarter. Capital Group Investment Management PTE. LTD. boosted its holdings in shares of UL Solutions by 3.4% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 21,735 shares of the company's stock valued at $1,084,000 after buying an additional 705 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of UL Solutions by 30.4% in the 4th quarter. NewEdge Advisors LLC now owns 9,039 shares of the company's stock valued at $451,000 after buying an additional 2,109 shares in the last quarter.

UL Solutions Trading Down 1.2 %

Shares of NYSE ULS traded down $0.68 during midday trading on Tuesday, reaching $56.65. 736,612 shares of the stock were exchanged, compared to its average volume of 710,596. The company has a 50 day simple moving average of $54.28 and a 200 day simple moving average of $53.06. The stock has a market capitalization of $11.34 billion and a P/E ratio of 34.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a twelve month low of $34.03 and a twelve month high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. As a group, equities analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. This is a boost from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, February 28th. UL Solutions's payout ratio is 32.10%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ULS shares. JPMorgan Chase & Co. lifted their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Citigroup lifted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their target price on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, UL Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $51.45.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.