Vanguard Group Inc. Sells 71,628 Shares of H. B. Fuller Company $FUL

Vanguard Group Inc. decreased its position in shares of H. B. Fuller Company (NYSE:FUL) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,339,932 shares of the specialty chemicals company’s stock after selling 71,628 shares during the quarter. Vanguard Group Inc. owned about 0.12% of H. B. Fuller worth $375,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 96,374 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in H. B. Fuller by 4.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 35,882 shares of the specialty chemicals company’s stock worth $2,127,000 after buying an additional 1,531 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in H. B. Fuller by 19.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,207 shares of the specialty chemicals company’s stock worth $605,000 after buying an additional 1,658 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of H. B. Fuller by 13.9% in the third quarter. Public Sector Pension Investment Board now owns 210,483 shares of the specialty chemicals company’s stock valued at $12,477,000 after buying an additional 25,750 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in shares of H. B. Fuller during the third quarter valued at about $407,000. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Stock Performance

Shares of FUL opened at $65.92 on Friday. The stock has a 50 day moving average of $62.84 and a 200 day moving average of $60.51. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $68.63. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.97 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The firm had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, sell-side analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FUL shares. Citigroup upped their target price on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Finally, UBS Group set a $66.00 price target on H. B. Fuller in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, H. B. Fuller presently has a consensus rating of “Hold” and an average price target of $67.75.

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.