UL Solutions (NYSE:ULS) PT Raised to $41.00 at Robert W. Baird

UL Solutions (NYSE:ULS) had its price objective increased by Robert W. Baird from $40.00 to $41.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

ULS has been the topic of several other research reports. Raymond James began coverage on UL Solutions in a report on Tuesday, May 7th. They set an outperform rating and a $42.00 price objective on the stock. Bank of America initiated coverage on UL Solutions in a research report on Tuesday, May 7th. They issued a buy rating and a $42.00 price objective on the stock. The Goldman Sachs Group initiated coverage on UL Solutions in a research report on Tuesday, May 7th. They set a neutral rating and a $39.00 target price on the stock. Baird R W raised UL Solutions to a strong-buy rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. started coverage on UL Solutions in a research note on Tuesday, May 7th. They issued an overweight rating and a $39.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $40.80.

UL Solutions Stock Performance

NYSE ULS opened at $41.99 on Tuesday. UL Solutions has a 1-year low of $33.15 and a 1-year high of $43.85.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Monday, June 3rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%.

Insider Activity

In other UL Solutions news, CEO Jennifer F. Scanlon bought 89,285 shares of UL Solutions stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now owns 89,285 shares in the company, valued at approximately $2,499,980. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Jennifer F. Scanlon purchased 89,285 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,285 shares in the company, valued at approximately $2,499,980. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Karen K. Pepping purchased 3,571 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average price of $28.00 per share, for a total transaction of $99,988.00. Following the completion of the acquisition, the chief accounting officer now owns 3,571 shares of the company’s stock, valued at $99,988. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 199,997 shares of company stock valued at $5,599,916.

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.