Wells Fargo & Company Raises UL Solutions (NYSE:ULS) Price Target to $43.00

UL Solutions (NYSE:ULS) had its price objective increased by Wells Fargo & Company from $40.00 to $43.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

ULS has been the subject of several other reports. Baird R W raised UL Solutions to a strong-buy rating in a report on Tuesday, May 7th. Bank of America assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a buy rating and a $42.00 price objective for the company. UBS Group assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a neutral rating and a $38.00 price objective for the company. William Blair assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued an outperform rating for the company. Finally, Robert W. Baird increased their price objective on UL Solutions from $40.00 to $41.00 and gave the stock an outperform rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $40.80.

UL Solutions Stock Performance

Shares of NYSE ULS opened at $41.99 on Tuesday. UL Solutions has a 12 month low of $33.15 and a 12 month high of $43.85.

UL Solutions Announces Dividend

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

Insider Activity

In related news, CAO Karen K. Pepping acquired 3,571 shares of the stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, with a total value of $99,988.00. Following the acquisition, the chief accounting officer now owns 3,571 shares in the company, valued at approximately $99,988. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other UL Solutions news, CAO Karen K. Pepping bought 3,571 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, with a total value of $99,988.00. Following the acquisition, the chief accounting officer now directly owns 3,571 shares of the company’s stock, valued at approximately $99,988. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer F. Scanlon purchased 89,285 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the transaction, the chief executive officer now owns 89,285 shares in the company, valued at $2,499,980. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 199,997 shares of company stock valued at $5,599,916.

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.