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. Stockholders 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 dividend yield of 0.99%.

UL Solutions Stock Up 0.8 %

ULS traded up $0.41 during trading on Wednesday, reaching $50.74. 236,175 shares of the stock were exchanged, compared to its average volume of 748,206. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s 50 day moving average price is $50.93 and its two-hundred day moving average price is $46.17. UL Solutions has a twelve month low of $33.15 and a twelve month 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, beating the consensus estimate of $0.39 by $0.10. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate 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. Equities analysts forecast that UL Solutions will post 1.53 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms recently weighed in on ULS. UBS Group boosted their target price on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on shares of UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 target price for the company. Robert W. Baird increased their price target on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, UL Solutions has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.