UL Solutions Inc. (NYSE:ULS) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in UL Solutions Inc. (NYSE:ULS) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 378,417 shares of the company’s stock after acquiring an additional 13,850 shares during the period. Schroder Investment Management Group’s holdings in UL Solutions were worth $18,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after buying an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after acquiring an additional 400 shares during the period. KBC Group NV purchased a new position in UL Solutions in the 4th quarter worth $163,000. Sanctuary Advisors LLC purchased a new position in UL Solutions in the 4th quarter worth $221,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in UL Solutions during the 4th quarter worth about $201,000.

UL Solutions Stock Performance

NYSE ULS opened at $57.10 on Thursday. The stock has a market capitalization of $11.43 billion and a price-to-earnings ratio of 35.25. The stock has a 50-day moving average of $53.95 and a 200 day moving average of $52.25. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23.

UL Solutions (NYSE:ULS) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. Sell-side analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

Analyst Upgrades and Downgrades

ULS has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Citigroup raised their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.45.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares in the company, valued at approximately $492,105. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UL Solutions 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.