UL Solutions Inc. (NYSE:ULS) Announces Quarterly Dividend of $0.13

UL Solutions Inc. (NYSE:ULS) declared a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.13 per share on Monday, December 8th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, November 28th.

UL Solutions Stock Down 0.1%

Shares of UL Solutions stock traded down $0.11 during trading on Wednesday, hitting $87.62. 170,340 shares of the stock traded hands, compared to its average volume of 771,372. The stock has a market cap of $17.60 billion, a P/E ratio of 52.34 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. UL Solutions has a twelve month low of $48.54 and a twelve month high of $91.95. The company has a fifty day moving average price of $73.78 and a two-hundred day moving average price of $70.68.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The firm had revenue of $783.00 million during the quarter, compared to analysts’ expectations of $769.01 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that UL Solutions will post 1.69 EPS for the current fiscal year.

Institutional Trading of UL Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new position in shares of UL Solutions during the first quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its position in UL Solutions by 48.4% during the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after acquiring an additional 171 shares during the period. Assetmark Inc. acquired a new position in UL Solutions during the 3rd quarter valued at $40,000. Northwestern Mutual Wealth Management Co. boosted its holdings in UL Solutions by 3,070.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after purchasing an additional 614 shares during the period. Finally, Rhumbline Advisers acquired a new stake in UL Solutions in the 1st quarter worth $49,000.

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.