UL Solutions (NYSE:ULS) CEO Sells $1,240,250.00 in Stock

UL Solutions Inc. (NYSE:ULS) CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $99.22, for a total value of $1,240,250.00. Following the transaction, the chief executive officer directly owned 164,224 shares in the company, valued at approximately $16,294,305.28. This trade represents a 7.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

UL Solutions Price Performance

NYSE ULS opened at $97.12 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 56.80, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The company has a 50 day simple moving average of $97.18 and a 200-day simple moving average of $86.07. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. Equities research analysts predict that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is 33.92%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ULS. Telsey Advisory Group set a $100.00 price target on shares of UL Solutions in a research note on Wednesday, May 6th. Wall Street Zen raised UL Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. boosted their target price on UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ULS. Capital International Investors lifted its stake in shares of UL Solutions by 6.6% in the 4th quarter. Capital International Investors now owns 8,043,735 shares of the company’s stock valued at $634,616,000 after purchasing an additional 495,424 shares during the last quarter. Vanguard Group Inc. raised its holdings in UL Solutions by 21.9% during the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after buying an additional 1,213,188 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in UL Solutions by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock valued at $463,618,000 after buying an additional 545,528 shares in the last quarter. Capital Research Global Investors lifted its position in shares of UL Solutions by 20.6% in the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock worth $279,394,000 after buying an additional 674,088 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of UL Solutions by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company’s stock worth $238,538,000 after buying an additional 54,910 shares during the last quarter.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.