H. B. Fuller Company $FUL Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its position in shares of H. B. Fuller Company (NYSE:FUL) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,485 shares of the specialty chemicals company’s stock after purchasing an additional 332 shares during the quarter. Inspire Investing LLC’s holdings in H. B. Fuller were worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cooke & Bieler LP acquired a new position in H. B. Fuller in the first quarter valued at approximately $36,830,000. Partners Capital Investment Group LLP lifted its holdings in H. B. Fuller by 90.3% in the first quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock valued at $3,642,000 after acquiring an additional 30,805 shares during the period. Quantbot Technologies LP lifted its holdings in H. B. Fuller by 612.4% in the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock valued at $1,576,000 after acquiring an additional 24,141 shares during the period. Neo Ivy Capital Management acquired a new position in H. B. Fuller in the first quarter valued at approximately $990,000. Finally, Wesbanco Bank Inc. lifted its holdings in H. B. Fuller by 86.1% in the second quarter. Wesbanco Bank Inc. now owns 25,500 shares of the specialty chemicals company’s stock valued at $1,534,000 after acquiring an additional 11,800 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

Insider Buying and Selling

In related news, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the completion of the transaction, the vice president directly owned 3,285 shares of the company’s stock, valued at approximately $184,978.35. This represents a 25.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.99% of the company’s stock.

H. B. Fuller Stock Up 1.8%

H. B. Fuller stock opened at $59.04 on Wednesday. The stock has a market capitalization of $3.19 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $81.03. The business has a 50 day simple moving average of $59.79 and a 200-day simple moving average of $57.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The firm had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Thursday, October 16th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, October 16th. H. B. Fuller’s dividend payout ratio is currently 50.81%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FUL. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday. Citigroup decreased their price target on H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. boosted their price target on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, June 27th. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Finally, Robert W. Baird boosted their price objective on H. B. Fuller from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.75.

H. B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.