UL Solutions Inc. (NYSE:ULS) Declares Quarterly Dividend of $0.15

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be given a dividend of 0.145 per share on Thursday, March 12th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, March 2nd. This is a 11.5% increase from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Price Performance

Shares of NYSE ULS traded up $11.23 during midday trading on Thursday, reaching $82.48. 2,797,027 shares of the company traded hands, compared to its average volume of 1,192,224. The firm has a market cap of $16.57 billion, a PE ratio of 49.39 and a beta of 1.11. UL Solutions has a 12 month low of $49.34 and a 12 month high of $91.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s 50-day simple moving average is $75.93 and its 200-day simple moving average is $74.93.

UL Solutions (NYSE:ULS) last announced its earnings results on Thursday, February 19th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $782.37 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that UL Solutions will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UL Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in UL Solutions by 48.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock valued at $38,000 after acquiring an additional 171 shares during the period. Assetmark Inc. bought a new stake in shares of UL Solutions during the 3rd quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 buying an additional 614 shares in the last quarter. Rhumbline Advisers acquired a new stake in UL Solutions in the first quarter worth $49,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of UL Solutions by 28.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock valued at $53,000 after buying an additional 161 shares during the period.

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.