UL Solutions Inc.
In the published model solve dated 2026-Q2, anchored at $79.18, UL Solutions Inc. (ULS) is priced for today's economics sustained for ~13.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Roughly a third of revenue comes from work customers cannot stop buying without redesigning their products, because ⟦"To maintain the right to use our certification marks, including the UL Mark, and meet certain regulatory requirements, our customers must meet certain certification program requirements, including mandatory inspection and monitoring"⟧. • The gap between what the price needs and what the business is delivering is the whole risk: the consumer-facing segment carrying the premium g
Is ULS overvalued? See what's priced in →
357 institutional managers reported holding ULS in 13F filings for the quarter ended 2026-03-31. Together they hold about 42% of the company; the top 10 hold 22%. 60 opened new positions that quarter. Held by Vanguard Group, BlackRock, Janus Henderson, among others. On the short side, 2.9M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has paid one every year in our records (3 and counting); the current rate is $0.52 a share annually. Cash returned over the past three years: $873.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ULS over the trailing three years: 2024: 22 buys totaling $16.54M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ULS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2024-08-01 | +12.0% | -3.0% |
| 2024-11-06 | -3.0% | -2.0% |
| 2025-02-21 | -4.4% | +8.6% |
| 2025-05-07 | +16.9% | +1.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ULS's latest 8-K filings: 2026-08-04 (items 2.02, 7.01, 9.01); 2026-06-03 (items 5.02); 2026-05-22 (items 5.07); 2026-05-05 (items 2.02, 7.01, 9.01); 2026-04-13 (items 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.