UL Solutions Inc. (NYSE:ULS) Plans Quarterly Dividend of $0.13

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.13 per share on Monday, March 10th. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Stock Up 0.2 %

NYSE:ULS traded up $0.12 during mid-day trading on Wednesday, reaching $54.92. The stock had a trading volume of 17,175 shares, compared to its average volume of 438,103. UL Solutions has a twelve month low of $33.15 and a twelve month high of $59.23. The business has a 50 day simple moving average of $51.82 and a 200 day simple moving average of $51.52. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

Analyst Ratings Changes

Several research firms have weighed in on ULS. UBS Group raised their price target on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their price target on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price objective on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Insider Activity

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares in the company, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.