UL Solutions Inc. (NYSE:ULS) Announces Dividend Increase – $0.13 Per Share

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.13 per share on Monday, March 10th. This represents a $0.52 annualized dividend and a yield of 0.95%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Trading Up 0.2 %

Shares of UL Solutions stock traded up $0.12 during trading on Wednesday, reaching $54.92. The company had a trading volume of 17,175 shares, compared to its average volume of 438,103. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The firm’s fifty day moving average is $51.82 and its 200-day moving average is $51.52. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

Analysts Set New Price Targets

A number of brokerages have recently commented on ULS. Robert W. Baird raised their price target on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price target on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. UBS Group raised their target price on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Insider Activity

In other news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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.