S&CO Inc. Sells 1,691 Shares of H. B. Fuller Company $FUL

S&CO Inc. cut its stake in shares of H. B. Fuller Company (NYSE:FUL) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,856 shares of the specialty chemicals company’s stock after selling 1,691 shares during the period. H. B. Fuller accounts for approximately 1.0% of S&CO Inc.’s portfolio, making the stock its 26th largest holding. S&CO Inc. owned approximately 0.49% of H. B. Fuller worth $15,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC grew its stake in H. B. Fuller by 141.6% during the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 313 shares in the last quarter. Signaturefd LLC lifted its stake in H. B. Fuller by 20.5% in the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after purchasing an additional 297 shares in the last quarter. Strs Ohio bought a new position in H. B. Fuller in the 1st quarter valued at $101,000. Huntington National Bank grew its position in shares of H. B. Fuller by 23.9% during the 2nd quarter. Huntington National Bank now owns 2,236 shares of the specialty chemicals company’s stock valued at $134,000 after purchasing an additional 432 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of H. B. Fuller by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,952 shares of the specialty chemicals company’s stock valued at $178,000 after purchasing an additional 1,604 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at H. B. Fuller

In related news, CFO John J. Corkrean sold 14,222 shares of H. B. Fuller stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the transaction, the chief financial officer owned 54,646 shares in the company, valued at $3,295,700.26. This trade represents a 20.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FUL shares. Wall Street Zen downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, October 14th. Citigroup raised H. B. Fuller from a “neutral” rating to a “buy” rating and raised their price target for the company from $62.00 to $70.00 in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn raised 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.75.

H. B. Fuller Price Performance

FUL opened at $57.81 on Monday. 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 stock has a market capitalization of $3.13 billion, a P/E ratio of 31.25, a PEG ratio of 1.05 and a beta of 1.13. The stock has a 50-day moving average price of $59.60 and a 200-day moving average price of $58.35. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $79.00.

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 company 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 analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders 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 dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio is 50.81%.

H. B. Fuller 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.