UL Solutions Inc. (ULS) To Go Ex-Dividend on February 28th

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 dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from UL Solutions’s previous quarterly dividend of $0.13.

UL Solutions Stock Up 3.0 %

Shares of ULS stock opened at $57.46 on Friday. The business’s 50 day moving average is $51.89 and its two-hundred day moving average is $51.62. UL Solutions has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

Wall Street Analysts Forecast Growth

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

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction on Monday, December 9th. The stock was 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 of the company’s stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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.