UL Solutions Inc. (NYSE:ULS) Increases Dividend to $0.13 Per Share

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Friday, February 28th will be given a dividend of 0.13 per share on Monday, March 10th. This represents a $0.52 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, February 28th. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Stock Up 3.0 %

UL Solutions stock opened at $57.46 on Friday. The stock has a fifty day moving average price of $51.89 and a 200 day moving average price of $51.62. UL Solutions has a 52 week low of $33.15 and a 52 week 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.

Wall Street Analysts Forecast Growth

ULS has been the subject of several recent research reports. Robert W. Baird increased their price target on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. UBS Group increased their target price on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their target price on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Insider Activity

In other news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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.