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. Investors of record on Friday, November 29th will be given 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 is Friday, November 29th.

UL Solutions Price Performance

NYSE ULS opened at $53.64 on Thursday. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The stock’s 50-day moving average is $51.57 and its two-hundred day moving average is $47.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that UL Solutions will post 1.53 EPS for the current year.

Insider Activity

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $49.00, for a total transaction of $147,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group raised their price target on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on UL Solutions in a research note on Monday, October 7th. They issued a “buy” rating and a $60.00 price objective on the stock. Robert W. Baird increased their target price on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price target on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and an average price target 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.