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

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Shareholders 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 yield of 1.00%. The ex-dividend date of this dividend is Friday, November 29th.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $49.91 on Friday. The business has a fifty day moving average price of $50.83 and a 200-day moving average price of $46.32. 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 has a 1-year low of $33.15 and a 1-year high of $59.23.

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

Wall Street Analyst Weigh In

ULS has been the topic of a number of research analyst reports. Citigroup started coverage on UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 price target on the stock. Robert W. Baird increased their price objective on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on UL Solutions from $56.00 to $62.00 and gave the stock 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Insiders Place Their Bets

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.