23,723 Shares in UL Solutions Inc. $ULS Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC purchased a new stake in UL Solutions Inc. (NYSE:ULS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,723 shares of the company’s stock, valued at approximately $1,681,000.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in UL Solutions in the third quarter valued at approximately $97,803,000. Norges Bank bought a new stake in UL Solutions in the second quarter valued at $89,174,000. DekaBank Deutsche Girozentrale purchased a new position in shares of UL Solutions during the second quarter valued at about $52,396,000. Electron Capital Partners LLC purchased a new position in shares of UL Solutions in the 2nd quarter valued at approximately $45,558,000. Finally, Bessemer Group Inc. boosted its holdings in shares of UL Solutions by 32.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,889,787 shares of the company’s stock valued at $137,689,000 after buying an additional 460,394 shares in the last quarter.

UL Solutions Stock Down 4.9%

NYSE:ULS opened at $77.04 on Thursday. UL Solutions Inc. has a fifty-two week low of $49.34 and a fifty-two week high of $91.95. The company’s 50-day simple moving average is $82.51 and its 200-day simple moving average is $74.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $15.48 billion, a P/E ratio of 46.13 and a beta of 1.09.

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

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Friday, November 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, November 28th. UL Solutions’s payout ratio is 31.14%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ULS shares. UBS Group upped their target price on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group upped their price objective on UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Robert W. Baird set a $97.00 price objective on shares of UL Solutions and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price objective (up from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UL Solutions in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.14.

UL Solutions Company Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.