UL Solutions (NYSE:ULS) Price Target Increased to $53.00 by Analysts at Robert W. Baird

UL Solutions (NYSE:ULS) had its price target boosted by Robert W. Baird from $46.00 to $53.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on ULS. Jefferies Financial Group assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They set a buy rating and a $42.00 target price for the company. Raymond James assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued an outperform rating and a $42.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on UL Solutions from $39.00 to $40.00 and gave the company an overweight rating in a research note on Tuesday, May 21st. UBS Group assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a neutral rating and a $38.00 price objective for the company. Finally, Baird R W downgraded UL Solutions from a strong-buy rating to a hold rating in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $43.90.

UL Solutions Trading Down 0.9 %

ULS stock opened at $50.94 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 1.00. UL Solutions has a 12-month low of $33.15 and a 12-month high of $52.83. The company has a fifty day moving average price of $42.59.

UL Solutions (NYSE:ULS) last released its earnings results on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analyst estimates of $718.73 million. UL Solutions’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that UL Solutions will post 1.48 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.125 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.50 annualized dividend and a dividend yield of 0.98%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bellecapital International Ltd. acquired a new stake in UL Solutions in the 2nd quarter valued at $208,000. Raymond James & Associates bought a new stake in shares of UL Solutions during the second quarter worth $9,089,000. Hall Laurie J Trustee bought a new stake in UL Solutions in the second quarter valued at about $2,066,000. TFC Financial Management Inc. bought a new stake in UL Solutions in the second quarter valued at about $88,000. Finally, Bank of New York Mellon Corp bought a new stake in UL Solutions in the second quarter valued at about $586,000.

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.