UL Solutions Inc. (NYSE:ULS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in UL Solutions Inc. ( NYSE:ULS – Free Report ) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.

The fund owned 628,680 shares of the company’s stock after purchasing an additional 27,744 shares during the period. Geode Capital Management LLC’s holdings in UL Solutions were worth $31,375,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also modified their holdings of the company.



PNC Financial Services Group Inc. increased its holdings in UL Solutions by 653.9% in the fourth quarter.

PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after buying an additional 582 shares during the last quarter. Northwest & Ethical Investments L.

P. lifted its stake in UL Solutions by 23.5% during the fourth quarter.

Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares during the last quarter.

KBC Group NV acquired a new position in UL Solutions in the fourth quarter valued at approximately $163,000. Signature Estate & Investment Advisors LLC acquired a new position in UL Solutions in the fourth quarter valued at approximately $201,000. Finally, Sanctuary Advisors LLC purchased a new position in UL Solutions in the fourth quarter valued at approximately $221,000.

UL Solutions Stock Down 4.8 % UL Solutions stock opened at $54.96 on Thursday.

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.

85. The stock has a 50 day moving average of $54.27 and a two-hundred day moving average of $52.

71. UL Solutions Inc. has a twelve month low of $33.

50 and a twelve month high of $59.23. The stock has a market capitalization of $11.

00 billion and a price-to-earnings ratio of 33.93. UL Solutions Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th.

Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.

52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, February 28th.

This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is currently 32.

10%. Insiders Place Their Bets In other news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.

00, for a total value of $102,714.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105.

This trade represents a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink .

Wall Street Analyst Weigh In Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of UL Solutions from $60.00 to $60.

50 and gave the company a “buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group upped their price objective on shares of UL Solutions from $51.00 to $57.

00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their target price on 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.45.

Read Our Latest Stock Analysis on UL Solutions About UL Solutions ( Free Report ) 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.

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