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

Vanguard Group Inc. lowered its position in H. B. Fuller Company (NYSE:FUL) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,339,932 shares of the specialty chemicals company’s stock after selling 71,628 shares during the quarter. Vanguard Group Inc. owned 11.72% of H. B. Fuller worth $375,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in H. B. Fuller by 15.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 708,422 shares of the specialty chemicals company’s stock worth $41,995,000 after buying an additional 96,374 shares during the period. State of New Jersey Common Pension Fund D increased its position in H. B. Fuller by 4.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 35,882 shares of the specialty chemicals company’s stock valued at $2,127,000 after acquiring an additional 1,531 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of 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 valued at $605,000 after acquiring an additional 1,658 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of H. B. Fuller by 13.9% during the third quarter. Public Sector Pension Investment Board now owns 210,483 shares of the specialty chemicals company’s stock worth $12,477,000 after purchasing an additional 25,750 shares during the period. Finally, Caprock Group LLC acquired a new position in shares of H. B. Fuller during the third quarter worth $407,000. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

H. B. Fuller stock opened at $65.92 on Friday. The stock 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 Company has a 52-week low of $47.56 and a 52-week high of $68.63. The stock’s 50 day moving average price is $62.84 and its two-hundred day moving average price is $60.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $894.79 million during the quarter, compared to analyst estimates of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. H. B. Fuller’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities analysts predict 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. Stockholders of record on Thursday, February 5th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s dividend payout ratio is 31.33%.

Wall Street Analysts Forecast Growth

FUL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. UBS Group set a $66.00 price objective on H. B. Fuller in a research report on Friday, January 16th. Citigroup lifted their price objective on H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $67.75.

About H. B. Fuller

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.