Blair William & Co. IL Has $436,000 Position in H. B. Fuller Company $FUL

Blair William & Co. IL increased its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,256 shares of the specialty chemicals company’s stock after purchasing an additional 650 shares during the period. Blair William & Co. IL’s holdings in H. B. Fuller were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Cooke & Bieler LP bought a new position in shares of H. B. Fuller during the 1st quarter valued at about $36,830,000. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of H. B. Fuller by 3.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 82,124 shares of the specialty chemicals company’s stock valued at $4,609,000 after purchasing an additional 2,857 shares in the last quarter. Partners Capital Investment Group LLP lifted its holdings in shares of H. B. Fuller by 90.3% during the 1st quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock valued at $3,642,000 after purchasing an additional 30,805 shares in the last quarter. US Bancorp DE lifted its holdings in shares of H. B. Fuller by 0.7% during the 2nd quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock valued at $3,257,000 after purchasing an additional 362 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of H. B. Fuller by 6.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 32,270 shares of the specialty chemicals company’s stock valued at $1,940,000 after purchasing an additional 1,975 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Up 0.3%

NYSE:FUL opened at $58.83 on Friday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12. H. B. Fuller Company has a twelve month low of $47.56 and a twelve month high of $80.21. The stock’s 50 day moving average price is $59.96 and its two-hundred day moving average price is $57.66. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.06.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. The firm had revenue of $725.90 million for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Equities research analysts expect that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Thursday, October 16th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller’s payout ratio is presently 50.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on FUL. Robert W. Baird lifted their price objective on H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, June 27th. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Citigroup cut their target price on H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 26th. JPMorgan Chase & Co. boosted their target price on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, June 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.75.

Insider Buying and Selling at H. B. Fuller

In related news, VP Joao Magalhaes sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $56.31, for a total transaction of $61,884.69. Following the transaction, the vice president directly owned 3,285 shares of the company’s stock, valued at approximately $184,978.35. The trade was a 25.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.99% of the company’s stock.

H. B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.