Envestnet Asset Management Inc. Sells 12,972 Shares of H. B. Fuller Company $FUL

Envestnet Asset Management Inc. trimmed its position in H. B. Fuller Company (NYSE:FUL) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 263,116 shares of the specialty chemicals company’s stock after selling 12,972 shares during the quarter. Envestnet Asset Management Inc.’s holdings in H. B. Fuller were worth $15,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FUL. Cooke & Bieler LP acquired a new position in shares of H. B. Fuller during the first quarter valued at $36,830,000. Partners Capital Investment Group LLP raised its holdings in 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 worth $3,642,000 after purchasing an additional 30,805 shares during the last quarter. Quantbot Technologies LP lifted its position in H. B. Fuller by 612.4% during the 1st quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock valued at $1,576,000 after purchasing an additional 24,141 shares during the period. Neo Ivy Capital Management bought a new position in shares of H. B. Fuller in the 1st quarter valued at about $990,000. Finally, Wesbanco Bank Inc. grew its position in shares of H. B. Fuller by 86.1% during the 2nd quarter. Wesbanco Bank Inc. now owns 25,500 shares of the specialty chemicals company’s stock worth $1,534,000 after buying an additional 11,800 shares during the period. Institutional investors own 95.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FUL. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, October 14th. Finally, Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.75.

Insider Buying and Selling at H. B. Fuller

In other news, CFO John J. Corkrean sold 14,222 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the completion of the sale, the chief financial officer owned 54,646 shares of the company’s stock, valued at $3,295,700.26. This represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.99% of the stock is owned by company insiders.

H. B. Fuller Stock Performance

Shares of H. B. Fuller stock opened at $57.22 on Friday. The stock’s fifty day simple moving average is $59.66 and its 200 day simple moving average is $58.27. The company has a current ratio of 1.93, a quick ratio of 1.18 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $3.10 billion, a PE ratio of 30.93, a PEG ratio of 1.05 and a beta of 1.13. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $79.25.

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

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s payout ratio is presently 50.81%.

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.