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

UL Solutions Inc. (NYSE:ULS) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Trading Up 1.6 %

Shares of NYSE:ULS opened at $55.67 on Thursday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23. The business has a fifty day moving average price of $51.86 and a two-hundred day moving average price of $51.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ULS. Wells Fargo & Company increased their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. UBS Group increased their target price on shares of UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the transaction, the insider now directly owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UL Solutions Company Profile

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.