Robert W. Baird Increases UL Solutions (NYSE:ULS) Price Target to $41.00

UL Solutions (NYSE:ULS) had its price objective raised by Robert W. Baird from $40.00 to $41.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on ULS. JPMorgan Chase & Co. started coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They issued an overweight rating and a $39.00 price objective for the company. Jefferies Financial Group started coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They issued a buy rating and a $42.00 price objective for the company. The Goldman Sachs Group started coverage on UL Solutions in a research note on Tuesday, May 7th. They set a neutral rating and a $39.00 target price for the company. UBS Group started coverage on UL Solutions in a research note on Tuesday, May 7th. They set a neutral rating and a $38.00 target price for the company. Finally, Wells Fargo & Company started coverage on UL Solutions in a research note on Tuesday, May 7th. They set an overweight rating and a $40.00 target price for the company. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $40.80.

UL Solutions Stock Down 0.2 %

ULS opened at $41.99 on Tuesday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $43.85.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, June 3rd.

Insider Buying and Selling at UL Solutions

In related news, CEO Jennifer F. Scanlon bought 89,285 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the purchase, the chief executive officer now owns 89,285 shares of the company’s stock, valued at approximately $2,499,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James M. Shannon bought 7,142 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, with a total value of $199,976.00. Following the completion of the acquisition, the director now directly owns 7,142 shares in the company, valued at $199,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer F. Scanlon bought 89,285 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now owns 89,285 shares of the company’s stock, valued at $2,499,980. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 199,997 shares of company stock worth $5,599,916.

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.