38,393 Shares in H. B. Fuller Company $FUL Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in H. B. Fuller Company (NYSE:FUL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,393 shares of the specialty chemicals company’s stock, valued at approximately $2,283,000.

Other large investors also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new stake in H. B. Fuller in the 4th quarter worth about $2,644,000. Ceredex Value Advisors LLC purchased a new stake in H. B. Fuller in the 3rd quarter worth about $11,213,000. New York State Common Retirement Fund increased its holdings in H. B. Fuller by 38.3% in the 3rd quarter. New York State Common Retirement Fund now owns 149,448 shares of the specialty chemicals company’s stock worth $8,859,000 after acquiring an additional 41,365 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in H. B. Fuller by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 708,422 shares of the specialty chemicals company’s stock worth $41,995,000 after acquiring an additional 96,374 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in H. B. Fuller by 13.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 210,483 shares of the specialty chemicals company’s stock worth $12,477,000 after acquiring an additional 25,750 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Performance

Shares of FUL stock opened at $62.55 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.15 and a current ratio of 1.92. H. B. Fuller Company has a fifty-two week low of $48.71 and a fifty-two week high of $68.63. The stock has a 50 day moving average price of $60.27 and a two-hundred day moving average price of $60.62. The company has a market capitalization of $3.41 billion, a P/E ratio of 20.64, a PEG ratio of 0.81 and a beta of 0.96.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The firm had revenue of $770.84 million during the quarter, compared to the consensus estimate of $787.77 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. Analysts expect that H. B. Fuller Company will post 4.77 earnings per share for the current year.

H. B. Fuller Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a $0.245 dividend. The ex-dividend date was Thursday, April 30th. This is an increase from H. B. Fuller’s previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a yield of 1.6%. H. B. Fuller’s dividend payout ratio is presently 32.34%.

Insiders Place Their Bets

In related news, CEO Celeste Beeks Mastin acquired 5,170 shares of the stock in a transaction on Tuesday, April 7th. The stock was purchased at an average price of $57.08 per share, for a total transaction of $295,103.60. Following the completion of the transaction, the chief executive officer owned 8,670 shares of the company’s stock, valued at $494,883.60. This trade represents a 147.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a report on Wednesday, May 27th. Royal Bank Of Canada set a $58.00 target price on H. B. Fuller in a report on Wednesday, May 27th. Vertical Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Citigroup lifted their target price on H. B. Fuller from $67.00 to $70.00 and gave the company a “buy” rating in a report on Monday, March 30th. Finally, Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.80.

About H. B. Fuller

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.