Analysts Set UL Solutions Inc. (NYSE:ULS) PT at $85.14

Shares of UL Solutions Inc. (NYSE:ULS) have been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.1429.

A number of brokerages have commented on ULS. Robert W. Baird set a $97.00 price objective on UL Solutions and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Wells Fargo & Company raised their target price on UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group boosted their price target on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price objective (up from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UL Solutions in a research note on Monday, December 29th.

UL Solutions Price Performance

NYSE:ULS opened at $77.04 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 1.33. UL Solutions has a one year low of $49.34 and a one year high of $91.95. The company has a fifty day moving average price of $82.51 and a 200 day moving average price of $74.80. The stock has a market cap of $15.48 billion, a P/E ratio of 46.13 and a beta of 1.09.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The company had revenue of $783.00 million for the quarter, compared to the consensus estimate of $769.01 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that UL Solutions will post 1.69 earnings per share for the current year.

UL Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.52 annualized dividend and a yield of 0.7%. UL Solutions’s payout ratio is currently 31.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ULS. Capital International Investors grew its holdings in shares of UL Solutions by 10.8% in the 3rd quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after purchasing an additional 738,720 shares during the last quarter. Capital Research Global Investors boosted its position in UL Solutions by 20.6% in the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock valued at $279,394,000 after buying an additional 674,088 shares in the last quarter. Bessemer Group Inc. grew its stake in UL Solutions by 13.8% during the third quarter. Bessemer Group Inc. now owns 2,151,390 shares of the company’s stock worth $152,448,000 after buying an additional 261,603 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of UL Solutions during the third quarter worth approximately $97,803,000. Finally, Norges Bank bought a new position in shares of UL Solutions in the second quarter valued at approximately $89,174,000.

UL Solutions Company Profile

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.