H. B. Fuller Company $FUL Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its stake in shares of H. B. Fuller Company (NYSE:FUL) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 796,477 shares of the specialty chemicals company’s stock after selling 57,185 shares during the period. Brown Advisory Inc.’s holdings in H. B. Fuller were worth $47,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FUL. Strs Ohio acquired a new position in H. B. Fuller during the first quarter worth approximately $101,000. EverSource Wealth Advisors LLC increased its position in shares of H. B. Fuller by 129.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 688 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of H. B. Fuller by 19.6% in the second quarter. Baird Financial Group Inc. now owns 7,518 shares of the specialty chemicals company’s stock worth $452,000 after acquiring an additional 1,232 shares in the last quarter. Marshall Wace LLP increased its position in shares of H. B. Fuller by 382.1% in the second quarter. Marshall Wace LLP now owns 20,370 shares of the specialty chemicals company’s stock worth $1,225,000 after acquiring an additional 16,145 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of H. B. Fuller by 2.3% in the second quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock worth $692,000 after acquiring an additional 261 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Celeste Beeks Mastin purchased 5,170 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was acquired at an average cost of $57.08 per share, with a total value of $295,103.60. Following the acquisition, the chief executive officer owned 8,670 shares in the company, valued at approximately $494,883.60. This trade represents a 147.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.83% of the company’s stock.

H. B. Fuller Price Performance

FUL opened at $64.34 on Tuesday. The company has a fifty day simple moving average of $61.24 and a 200 day simple moving average of $60.97. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.84 and a beta of 0.96. H. B. Fuller Company has a twelve month low of $48.71 and a twelve month high of $68.63. The company has a current ratio of 1.92, a quick ratio of 1.15 and a debt-to-equity ratio of 1.01.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $770.84 million during the quarter, compared to analyst estimates of $787.77 million. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Equities research analysts expect that H. B. Fuller Company will post 4.77 EPS for the current fiscal year.

H. B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 30th. This is a positive change from H. B. Fuller’s previous quarterly dividend of $0.24. H. B. Fuller’s dividend payout ratio (DPR) is 32.34%.

Wall Street Analysts Forecast Growth

FUL has been the subject of several recent research reports. UBS Group set a $58.00 price objective on shares of H. B. Fuller in a research report on Wednesday, May 27th. Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised shares of H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Wednesday, May 27th. Citigroup increased their price objective on shares of H. B. Fuller from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Finally, Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.80.

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.