First Trust Advisors LP increased its stake in H. B. Fuller Company (NYSE:FUL – Free Report) by 32.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,649 shares of the specialty chemicals company’s stock after acquiring an additional 10,340 shares during the period. First Trust Advisors LP’s holdings in H. B. Fuller were worth $2,631,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its stake in H. B. Fuller by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 11,687 shares of the specialty chemicals company’s stock worth $695,000 after purchasing an additional 168 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of H. B. Fuller by 0.3% during the second quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after buying an additional 173 shares during the last quarter. Glenmede Investment Management LP grew its stake in shares of H. B. Fuller by 3.9% during the third quarter. Glenmede Investment Management LP now owns 4,809 shares of the specialty chemicals company’s stock valued at $285,000 after buying an additional 179 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of H. B. Fuller by 3.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,273 shares of the specialty chemicals company’s stock worth $314,000 after buying an additional 185 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of H. B. Fuller by 50.1% in the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 193 shares during the period. 95.93% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on FUL shares. The Goldman Sachs Group set a $67.00 price target on H. B. Fuller in a research note on Friday, June 26th. Royal Bank Of Canada set a $58.00 price objective on H. B. Fuller in a research report on Wednesday, May 27th. UBS Group set a $69.00 target price on H. B. Fuller in a research note on Friday, June 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, H. B. Fuller has a consensus rating of “Moderate Buy” and an average price target of $67.86.
H. B. Fuller Stock Performance
H. B. Fuller stock opened at $61.05 on Friday. The company has a 50 day moving average price of $59.35 and a 200-day moving average price of $60.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. H. B. Fuller Company has a fifty-two week low of $48.71 and a fifty-two week high of $68.63. The company has a market capitalization of $3.28 billion, a PE ratio of 18.73, a P/E/G ratio of 0.64 and a beta of 0.98.
H. B. Fuller (NYSE:FUL – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company had revenue of $950.27 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same quarter in the prior year, the firm earned $1.18 earnings per share. H. B. Fuller’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that H. B. Fuller Company will post 4.87 earnings per share for the current year.
H. B. Fuller Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, July 30th. H. B. Fuller’s dividend payout ratio is currently 30.06%.
H. B. Fuller Profile
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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