Schroder Investment Management Group Purchases 13,850 Shares of UL Solutions Inc. (NYSE:ULS)

Schroder Investment Management Group lifted its position in UL Solutions Inc. (NYSE:ULS) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 378,417 shares of the company’s stock after acquiring an additional 13,850 shares during the quarter. Schroder Investment Management Group owned 0.19% of UL Solutions worth $18,981,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ULS. Vanguard Group Inc. raised its position in UL Solutions by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock worth $278,016,000 after purchasing an additional 401,492 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after buying an additional 1,022,851 shares during the period. Norges Bank bought a new stake in shares of UL Solutions during the 4th quarter worth approximately $173,869,000. Soros Fund Management LLC boosted its holdings in UL Solutions by 127.4% during the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after acquiring an additional 637,077 shares during the period. Finally, Blair William & Co. IL grew its position in UL Solutions by 7.0% in the 4th quarter. Blair William & Co. IL now owns 774,059 shares of the company’s stock valued at $38,610,000 after acquiring an additional 50,875 shares during the last quarter.

UL Solutions Stock Down 1.3 %

UL Solutions stock opened at $57.10 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a market cap of $11.43 billion and a P/E ratio of 35.25. The business has a fifty day moving average of $53.95 and a two-hundred day moving average of $52.25. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The firm had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. On average, analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is presently 32.10%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group lifted their target price on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Citigroup boosted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $51.45.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the transaction, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.