UL Solutions (NYSE:ULS) Given New $57.00 Price Target at Robert W. Baird

UL Solutions (NYSE:ULS) had its price objective upped by Robert W. Baird from $53.00 to $57.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently weighed in on ULS. Wells Fargo & Company lifted their price objective on shares of UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Baird R W cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Citigroup initiated coverage on shares of UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 price target for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

UL Solutions Trading Up 2.6 %

Shares of ULS stock opened at $51.36 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.29 and a current ratio of 1.31. The company has a 50 day moving average price of $50.99 and a 200 day moving average price of $45.96. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that UL Solutions will post 1.48 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were given a dividend of $0.125 per share. The ex-dividend date was Friday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 0.97%.

Insider Transactions at UL Solutions

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

Institutional Trading of UL Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in UL Solutions during the 2nd quarter worth $29,000. Sunbelt Securities Inc. purchased a new position in UL Solutions during the 2nd quarter worth $72,000. Daiwa Securities Group Inc. purchased a new position in UL Solutions during the 2nd quarter worth $84,000. TFC Financial Management Inc. purchased a new position in UL Solutions during the 2nd quarter worth $88,000. Finally, Phillips Wealth Planners LLC purchased a new position in UL Solutions during the 3rd quarter worth $218,000.

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.