Analysts Set UL Solutions Inc. (NYSE:ULS) Target Price at $70.86

Key Points

• UL Solutions Inc. has received a consensus rating of "Hold" from seven research firms, with four recommending hold and three suggesting buy, while the average 12-month target price is $70.86.
• Large investors have shown increased interest, with notable holdings changes, including Parkside Financial Bank raising its stake by 48.4% in Q2.
• The company reported earnings per share of $0.52 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.13 per share, reflecting an annual yield of 0.8%.

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $70.8571.

A number of research firms have recently commented on ULS. UBS Group cut their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on UL Solutions from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th.

Institutional Trading of UL Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. purchased a new stake in UL Solutions during the first quarter valued at about $80,618,000. Norges Bank purchased a new stake in UL Solutions during the second quarter valued at about $89,174,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in UL Solutions during the first quarter valued at about $57,999,000. DekaBank Deutsche Girozentrale purchased a new stake in UL Solutions during the second quarter valued at about $52,396,000. Finally, Wellington Management Group LLP purchased a new stake in UL Solutions during the fourth quarter valued at about $32,091,000.

UL Solutions Stock Performance

NYSE ULS traded down $1.49 on Tuesday, hitting $66.85. 513,643 shares of the stock traded hands, compared to its average volume of 766,768. The business's fifty day moving average is $67.87 and its two-hundred day moving average is $64.36. UL Solutions has a 12 month low of $48.11 and a 12 month high of $74.15. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 41.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $771.55 million. During the same period last year, the company earned $0.44 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that UL Solutions will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 29th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 0.8%. UL Solutions's dividend payout ratio (DPR) is presently 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.