UL Solutions (NYSE:ULS) Price Target Raised to $57.00 at Robert W. Baird

UL Solutions (NYSE:ULS) had its price target increased by Robert W. Baird from $53.00 to $57.00 in a report published on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

ULS has been the subject of a number of other research reports. Wells Fargo & Company raised their price target on UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised their price objective on UL Solutions from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Baird R W lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Citigroup assumed coverage on UL Solutions in a research report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

UL Solutions Trading Down 2.3 %

Shares of ULS stock opened at $50.36 on Wednesday. The stock has a fifty day moving average of $51.15 and a 200 day moving average of $45.72. UL Solutions has a 52 week low of $33.15 and a 52 week high of $59.23. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.00.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. The business had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts predict that UL Solutions will post 1.48 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 0.99%.

Insider Activity

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

Institutional Investors Weigh In On UL Solutions

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new stake in UL Solutions in the 2nd quarter worth about $29,000. Sunbelt Securities Inc. bought a new stake in UL Solutions in the 2nd quarter worth about $72,000. Daiwa Securities Group Inc. bought a new stake in UL Solutions in the 2nd quarter worth about $84,000. TFC Financial Management Inc. bought a new stake in UL Solutions in the 2nd quarter worth about $88,000. Finally, Phillips Wealth Planners LLC bought a new stake in UL Solutions in the 3rd quarter worth about $218,000.

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.