UL Solutions (NYSE:ULS) Price Target Raised to $120.00 at Wells Fargo & Company

UL Solutions (NYSE:ULS) had its target price lifted by Wells Fargo & Company from $102.00 to $120.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on ULS. Zacks Research upgraded UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Citigroup dropped their target price on UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. Bank of America boosted their target price on UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. UBS Group lifted their price objective on UL Solutions from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.68.

UL Solutions Trading Up 0.2%

Shares of ULS opened at $105.00 on Wednesday. The stock has a fifty day moving average price of $86.25 and a two-hundred day moving average price of $81.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.32 and a current ratio of 1.16. UL Solutions has a 52-week low of $61.64 and a 52-week high of $107.54. The company has a market cap of $21.11 billion, a price-to-earnings ratio of 61.40, a PEG ratio of 4.23 and a beta of 0.59.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. Analysts predict that UL Solutions will post 2.02 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.145 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. UL Solutions’s payout ratio is presently 36.48%.

Insider Transactions at UL Solutions

In other UL Solutions news, CEO Jennifer F. Scanlon sold 12,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the completion of the transaction, the chief executive officer directly owned 188,274 shares of the company’s stock, valued at approximately $17,240,250.18. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULS. Assetmark Inc. bought a new stake in shares of UL Solutions in the third quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after purchasing an additional 614 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of UL Solutions in the first quarter valued at about $49,000. PNC Financial Services Group Inc. lifted its holdings in shares of UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of UL Solutions by 112.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company’s stock valued at $71,000 after purchasing an additional 479 shares in the last quarter.

Key UL Solutions News

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: Q1 results beat expectations: EPS of $0.50 and revenue of $758M topped consensus, with revenue up ~7.5% year?over?year and improved margins/ROE underpinning the upbeat reaction from investors. UL Solutions Q1 results (MarketBeat)
• Positive Sentiment: Wells Fargo raised its price target from $102 to $120 and set an “overweight” rating — a clear analyst endorsement that likely lifted sentiment and buying interest. Wells Fargo raises target to $120 (Benzinga)
• Positive Sentiment: Product expansion: UL launched certification and safety testing services for hydrogen fueling components — a timely offering as hydrogen adoption in transport grows, which can support longer?term revenue diversification. UL launches hydrogen testing services (BusinessWire)
• Positive Sentiment: Investor commentary: Conestoga Capital highlighted ULS’s strong growth and margin expansion in its Q1 letter, reinforcing the narrative of improving fundamentals. Conestoga Capital notes growth and margin expansion (InsiderMonkey)
• Neutral Sentiment: Documentation and color: The Q1 earnings transcript, slide deck and analyst write?ups are available for those wanting details on segment trends and management commentary (useful for valuation and model updates). Q1 earnings transcript (Yahoo Finance)
• Neutral Sentiment: Insider disclosure: An SEC Form 4 shows a small purchase by insider Lynn H. Hancock (8 shares) — technically positive but immaterial in size. Form 4 Filing (SEC)
• Negative Sentiment: Valuation concerns: Several pieces question whether recent share gains (one?year surge) leave ULS richly valued — the stock trades at a high P/E and elevated PEG, which raises downside risk if growth or margins soften. Assessing valuation after momentum (Yahoo Finance)

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.