UL Solutions Inc. (ULS) to Issue Quarterly Dividend of $0.14 on September 10th

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Monday, August 31st will be paid a dividend of 0.145 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 31st.

UL Solutions Stock Down 1.0%

Shares of NYSE:ULS opened at $75.25 on Friday. The firm has a market capitalization of $15.19 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 3.16 and a beta of 0.71. UL Solutions has a 1 year low of $61.64 and a 1 year high of $107.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day moving average is $87.75 and its two-hundred day moving average is $87.69.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $813.62 million. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Analysts predict that UL Solutions will post 2.08 EPS for the current year.

Insiders Place Their Bets

In other UL Solutions news, insider Gitte Schjotz sold 12,015 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $99.71, for a total value of $1,198,015.65. Following the transaction, the insider directly owned 69,206 shares of the company’s stock, valued at approximately $6,900,530.26. The trade was a 14.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $92.08, for a total transaction of $1,151,000.00. Following the transaction, the chief executive officer directly owned 151,724 shares of the company’s stock, valued at $13,970,745.92. This represents a 7.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 47,605 shares of company stock valued at $4,616,835. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after acquiring an additional 234 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of UL Solutions by 42.4% during the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $84,000 after purchasing an additional 245 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of UL Solutions during the 1st quarter worth approximately $49,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of UL Solutions by 112.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company’s stock worth $71,000 after purchasing an additional 479 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.