Envestnet Portfolio Solutions Inc. Has $1.06 Million Stock Position in H. B. Fuller Company $FUL

Envestnet Portfolio Solutions Inc. grew its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 35.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,673 shares of the specialty chemicals company’s stock after buying an additional 4,631 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in H. B. Fuller were worth $1,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cooke & Bieler LP purchased a new position in H. B. Fuller during the first quarter worth about $36,830,000. Dorsey & Whitney Trust CO LLC boosted its holdings in H. B. Fuller by 3.6% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 82,124 shares of the specialty chemicals company’s stock worth $4,609,000 after purchasing an additional 2,857 shares during the last quarter. Partners Capital Investment Group LLP boosted its holdings in H. B. Fuller by 90.3% during the first quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock worth $3,642,000 after purchasing an additional 30,805 shares during the last quarter. US Bancorp DE boosted its holdings in H. B. Fuller by 0.7% during the second quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock worth $3,257,000 after purchasing an additional 362 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in H. B. Fuller by 6.5% during the second quarter. State of Alaska Department of Revenue now owns 32,270 shares of the specialty chemicals company’s stock worth $1,940,000 after purchasing an additional 1,975 shares during the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Joao Magalhaes sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $56.31, for a total value of $61,884.69. Following the sale, the vice president owned 3,285 shares of the company’s stock, valued at $184,978.35. The trade was a 25.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.99% of the stock is currently owned by company insiders.

H. B. Fuller Stock Performance

Shares of FUL stock opened at $58.83 on Friday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 1.06 and a beta of 1.12. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. H. B. Fuller Company has a 52 week low of $47.56 and a 52 week high of $80.21. The firm’s 50-day simple moving average is $59.96 and its two-hundred day simple moving average is $57.66.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. The business had revenue of $725.90 million for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. As a group, equities analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FUL shares. Citigroup cut their price target on shares of H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, September 26th. JPMorgan Chase & Co. boosted their price target on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an “underweight” rating in a report on Friday, June 27th. Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday, October 14th. Finally, Robert W. Baird lifted their price objective on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock 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 given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.75.

About H. B. Fuller

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.