Deprince Race & Zollo Inc. Has $44.88 Million Position in H. B. Fuller Company $FUL

Deprince Race & Zollo Inc. cut its holdings in H. B. Fuller Company (NYSE:FULFree Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 727,546 shares of the specialty chemicals company’s stock after selling 43,512 shares during the period. Deprince Race & Zollo Inc.’s holdings in H. B. Fuller were worth $44,875,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FUL. Allworth Financial LP lifted its position in shares of H. B. Fuller by 50.1% during the 4th quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 193 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in H. B. Fuller by 432.9% in the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in H. B. Fuller in the 4th quarter worth approximately $46,000. Torren Management LLC bought a new position in H. B. Fuller in the 4th quarter worth approximately $52,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of H. B. Fuller during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and upped their target price for the company from $58.00 to $67.00 in a research note on Friday, June 26th. Raymond James Financial set a $67.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.86.

Check Out Our Latest Analysis on H. B. Fuller

Insiders Place Their Bets

In other H. B. Fuller news, CEO Celeste Beeks Mastin purchased 5,170 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were purchased at an average price of $57.08 per share, for a total transaction of $295,103.60. Following the completion of the purchase, the chief executive officer directly owned 8,670 shares of the company’s stock, valued at approximately $494,883.60. This represents a 147.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.83% of the stock is owned by corporate insiders.

H. B. Fuller Trading Down 1.7%

H. B. Fuller stock opened at $57.29 on Thursday. The business has a 50 day moving average price of $61.30 and a two-hundred day moving average price of $61.30. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. H. B. Fuller Company has a 12 month low of $48.71 and a 12 month high of $68.63. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98.

H. B. Fuller (NYSE:FULGet Free Report) last announced its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $950.27 million for the quarter, compared to analyst estimates of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.H. B. Fuller’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. As a group, equities analysts forecast that H. B. Fuller Company will post 4.87 EPS for the current year.

H. B. Fuller Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.7%. This is an increase from H. B. Fuller’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, April 30th. H. B. Fuller’s dividend payout ratio (DPR) is 32.34%.

About H. B. Fuller

(Free Report)

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.

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Institutional Ownership by Quarter for H. B. Fuller (NYSE:FUL)

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