UL Solutions Inc. (NYSE:ULS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• UL Solutions Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $70.86 based on evaluations from eight firms.
• Recently, several hedge funds have increased their stakes in UL Solutions, including a significant 3,070% increase in shares owned by Northwestern Mutual Wealth Management Co.
• The company announced a quarterly dividend of $0.13, resulting in a dividend yield of 0.7% and a payout ratio of 32.10%.

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $70.8571.

A number of brokerages have commented on ULS. UBS Group decreased their price objective on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UL Solutions in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their target price on UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th.

Hedge Funds Weigh In On UL Solutions

Institutional investors have recently modified their holdings of the business. Elequin Capital LP bought a new position in shares of UL Solutions in the first quarter valued at approximately $31,000. Parkside Financial Bank & Trust lifted its stake in UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company's stock valued at $38,000 after purchasing an additional 171 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company's stock valued at $46,000 after purchasing an additional 614 shares during the last quarter. Rhumbline Advisers purchased a new position in UL Solutions in the first quarter valued at approximately $49,000. Finally, PNC Financial Services Group Inc. lifted its stake in UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company's stock valued at $53,000 after purchasing an additional 161 shares during the last quarter.

UL Solutions Stock Performance

Shares of ULS opened at $72.29 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50 day moving average price of $67.32 and a two-hundred day moving average price of $65.97. The firm has a market capitalization of $14.52 billion, a P/E ratio of 44.62 and a beta of 1.04. UL Solutions has a 52 week low of $48.54 and a 52 week high of $74.15.

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

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders 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 0.7%. UL Solutions's dividend payout ratio is currently 32.10%.

UL Solutions Company Profile

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.

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