Analysts Set UL Solutions Inc. (NYSE:ULS) Price Target at $43.90

Shares of UL Solutions Inc. (NYSE:ULS) have received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $43.90.

ULS has been the subject of several research reports. UBS Group began coverage on UL Solutions in a report on Tuesday, May 7th. They set a “neutral” rating and a $38.00 price objective for the company. The Goldman Sachs Group lifted their price objective on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of UL Solutions from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Wells Fargo & Company boosted their price target on shares of UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird upped their price target on shares of UL Solutions from $46.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in UL Solutions during the second quarter worth about $29,000. Sunbelt Securities Inc. bought a new stake in shares of UL Solutions during the 2nd quarter valued at about $72,000. Daiwa Securities Group Inc. purchased a new position in shares of UL Solutions during the second quarter worth about $84,000. TFC Financial Management Inc. bought a new position in shares of UL Solutions in the second quarter worth approximately $88,000. Finally, Bellecapital International Ltd. purchased a new stake in UL Solutions in the second quarter valued at approximately $208,000.

UL Solutions Trading Up 2.9 %

NYSE ULS opened at $53.55 on Thursday. The business’s fifty day simple moving average is $45.11. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions has a one year low of $33.15 and a one year high of $53.78.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $718.73 million. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that UL Solutions will post 1.49 EPS for the current year.

UL Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Friday, August 30th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.93%.

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.