UL Solutions Inc. to Issue Quarterly Dividend of $0.13 (NYSE:ULS)

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.125 per share on Monday, December 9th. This represents a $0.50 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 29th.

UL Solutions Trading Down 1.4 %

Shares of UL Solutions stock opened at $53.64 on Thursday. UL Solutions has a 12-month low of $33.15 and a 12-month high of $59.23. 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 has a 50-day simple moving average of $51.57 and a 200 day simple moving average of $47.50.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The company had revenue of $731.00 million for the quarter, compared to analyst estimates of $709.41 million. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that UL Solutions will post 1.53 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ULS. UBS Group raised their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Citigroup initiated coverage on UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective on the stock. The Goldman Sachs Group increased their price objective on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.