Bank of New York Mellon Corp Purchases 19,314 Shares of H. B. Fuller Company $FUL

Bank of New York Mellon Corp boosted its position in H. B. Fuller Company (NYSE:FUL) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 537,053 shares of the specialty chemicals company’s stock after purchasing an additional 19,314 shares during the quarter. Bank of New York Mellon Corp’s holdings in H. B. Fuller were worth $32,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cooke & Bieler LP bought a new position in H. B. Fuller during the 1st quarter worth $36,830,000. Neo Ivy Capital Management acquired a new position in shares of H. B. Fuller in the first quarter valued at about $990,000. Entropy Technologies LP bought a new position in H. B. Fuller during the first quarter worth about $581,000. Neuberger Berman Group LLC raised its stake in H. B. Fuller by 25.4% in the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company’s stock worth $367,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in H. B. Fuller by 612.4% in the 1st quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock worth $1,576,000 after purchasing an additional 24,141 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO John J. Corkrean sold 14,222 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 54,646 shares in the company, valued at $3,295,700.26. This represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.99% of the company’s stock.

H. B. Fuller Trading Up 1.1%

Shares of FUL stock opened at $58.55 on Friday. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $78.68. The stock’s fifty day moving average price is $59.41 and its two-hundred day moving average price is $58.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The company has a market cap of $3.17 billion, a PE ratio of 31.65, a P/E/G ratio of 1.05 and a beta of 1.13.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share for the quarter. The business had revenue of $725.90 million during 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 analysts predict that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on FUL. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Wall Street Zen cut H. B. Fuller from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and upped their target price for the company from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.75.

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.