Royal Bank of Canada Grows Stock Position in H. B. Fuller Company $FUL

Royal Bank of Canada increased its stake in H. B. Fuller Company (NYSE:FUL) by 2,694.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 675,765 shares of the specialty chemicals company’s stock after purchasing an additional 651,585 shares during the quarter. Royal Bank of Canada’s holdings in H. B. Fuller were worth $41,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new stake in shares of H. B. Fuller during the fourth quarter worth about $2,644,000. Congruence Capital LLC purchased a new stake in H. B. Fuller during the 4th quarter valued at approximately $10,048,000. Kennedy Capital Management LLC grew its holdings in H. B. Fuller by 43.4% during the 4th quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock valued at $37,471,000 after buying an additional 190,750 shares in the last quarter. Norges Bank bought a new stake in shares of H. B. Fuller during the fourth quarter valued at approximately $44,203,000. Finally, UBS Group AG raised its position in shares of H. B. Fuller by 35.0% during the fourth quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock valued at $65,897,000 after buying an additional 287,390 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Trading Up 0.0%

FUL opened at $55.30 on Monday. The stock has a 50-day moving average of $59.61 and a 200 day moving average of $60.59. The company has a current ratio of 1.80, a quick ratio of 1.12 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 firm has a market cap of $2.97 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.60 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $950.27 million during 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%.The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. As a group, research analysts forecast that H. B. Fuller Company will post 4.87 EPS for the current year.

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 30th. H. B. Fuller’s payout ratio is presently 30.06%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FUL. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Wall Street Zen downgraded shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. raised H. B. Fuller from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $67.00 in a report on Friday, June 26th. Raymond James Financial set a $67.00 target price on H. B. Fuller in a research report on Friday, June 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.86.

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.