S&CO Inc. Invests $14.09 Million in H. B. Fuller Company $FUL

S&CO Inc. acquired a new stake in shares of H. B. Fuller Company (NYSE:FUL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 241,781 shares of the specialty chemicals company’s stock, valued at approximately $14,093,000.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in H. B. Fuller by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock worth $160,854,000 after buying an additional 132,558 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of H. B. Fuller by 13.3% in the 4th quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock valued at $99,754,000 after acquiring an additional 196,644 shares during the period. Victory Capital Management Inc. increased its holdings in shares of H. B. Fuller by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,228,068 shares of the specialty chemicals company’s stock valued at $73,021,000 after acquiring an additional 66,686 shares during the period. UBS Group AG lifted its stake in shares of H. B. Fuller by 35.0% during the 4th quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock worth $65,897,000 after purchasing an additional 287,390 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in H. B. Fuller by 3.6% during the third quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock valued at $57,858,000 after purchasing an additional 33,522 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other H. B. Fuller news, VP Nathan D. Weaver sold 9,561 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the transaction, the vice president directly owned 11,739 shares of the company’s stock, valued at approximately $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research report on Wednesday, May 27th. The Goldman Sachs Group set a $67.00 price objective on shares of H. B. Fuller in a research report on Friday, June 26th. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their target price for the company from $58.00 to $67.00 in a research report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday, June 30th. Finally, Wall Street Zen lowered shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.86.

H. B. Fuller Price Performance

Shares of FUL opened at $62.70 on Friday. The business’s 50-day moving average is $59.36 and its two-hundred day moving average is $60.50. The company has a market capitalization of $3.37 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.68 and a beta of 0.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. H. B. Fuller Company has a fifty-two week low of $48.71 and a fifty-two week high of $68.63.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $950.27 million during the quarter, compared to analyst estimates of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. Research analysts predict that H. B. Fuller Company will post 4.87 earnings per share for the current year.

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, July 30th. H. B. Fuller’s dividend payout ratio (DPR) is currently 30.06%.

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.