H. B. Fuller Company $FUL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,326,046 shares of the specialty chemicals company’s stock after selling 13,886 shares during the quarter. Vanguard Group Inc. owned approximately 11.65% of H. B. Fuller worth $376,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors boosted its stake in H. B. Fuller by 0.5% during the 3rd quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company’s stock worth $153,133,000 after purchasing an additional 12,720 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of H. B. Fuller by 94.9% during the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after acquiring an additional 721,100 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of H. B. Fuller by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock valued at $57,858,000 after acquiring an additional 33,522 shares during the last quarter. UBS Group AG boosted its position in shares of H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock valued at $48,661,000 after acquiring an additional 548,017 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in shares of H. B. Fuller by 38.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 771,058 shares of the specialty chemicals company’s stock valued at $45,847,000 after acquiring an additional 215,181 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Stock Up 2.2%

Shares of NYSE:FUL opened at $60.96 on Thursday. The firm’s 50-day moving average is $60.17 and its two-hundred day moving average is $60.46. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.92 and a quick ratio of 1.15. H. B. Fuller Company has a 1 year low of $48.71 and a 1 year high of $68.63. The firm has a market capitalization of $3.32 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 0.78 and a beta of 0.95.

H. B. Fuller (NYSE:FUL) last issued its earnings results 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. The firm had revenue of $770.84 million for the quarter, compared to analysts’ expectations of $787.77 million. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Analysts predict that H. B. Fuller Company will post 4.77 EPS for the current year.

H. B. Fuller Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a $0.245 dividend. The ex-dividend date of this dividend is 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 dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio is currently 32.34%.

Insider Buying and Selling at H. B. Fuller

In other news, CEO Celeste Beeks Mastin acquired 5,170 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average cost of $57.08 per share, with a total value of $295,103.60. Following the completion of the acquisition, the chief executive officer owned 8,670 shares of the company’s stock, valued at $494,883.60. The trade was a 147.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FUL shares. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. UBS Group reduced their price objective on shares of H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Citigroup boosted their price objective on shares of H. B. Fuller from $67.00 to $70.00 and gave the company a “buy” rating in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Finally, Vertical Research upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have given 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 a consensus target price of $65.50.

H. B. Fuller Company 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.