Brown Brothers Harriman & Co. Buys 17,925 Shares of UL Solutions Inc. $ULS

Brown Brothers Harriman & Co. increased its position in UL Solutions Inc. (NYSE:ULS) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 713,888 shares of the company’s stock after purchasing an additional 17,925 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.36% of UL Solutions worth $50,586,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in UL Solutions during the 3rd quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. boosted its stake in UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares in the last quarter. Rhumbline Advisers acquired a new position in UL Solutions in the first quarter worth $49,000. PNC Financial Services Group Inc. raised its stake in shares of UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock worth $53,000 after acquiring an additional 161 shares during the last quarter. Finally, HM Payson & Co. bought a new position in shares of UL Solutions in the third quarter worth about $70,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Robert W. Baird reduced their price target on UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. UBS Group upped their price objective on UL Solutions from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a report on Friday, February 20th. Finally, Citigroup reduced their price target on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating on the stock in a research report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.60.

UL Solutions Stock Down 0.6%

ULS stock opened at $83.26 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $16.74 billion, a P/E ratio of 52.37, a P/E/G ratio of 3.44 and a beta of 0.87. UL Solutions Inc. has a fifty-two week low of $49.93 and a fifty-two week high of $91.95. The business has a 50-day moving average of $77.07 and a 200-day moving average of $76.68.

UL Solutions (NYSE:ULS) last announced its earnings results on Thursday, February 19th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $782.37 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.UL Solutions’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. On average, sell-side analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.145 dividend. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, March 2nd. This represents a $0.58 annualized dividend and a yield of 0.7%. UL Solutions’s dividend payout ratio (DPR) is 36.48%.

UL Solutions 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.