Ethic Inc. Has $1.22 Million Stake in H. B. Fuller Company $FUL

Ethic Inc. increased its position in shares of H. B. Fuller Company (NYSE:FUL) by 35.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,709 shares of the specialty chemicals company’s stock after buying an additional 5,186 shares during the period. Ethic Inc.’s holdings in H. B. Fuller were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Partners Capital Investment Group LLP increased 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 buying an additional 30,805 shares during the last quarter. Entropy Technologies LP acquired a new position in H. B. Fuller during the first quarter worth $581,000. Neo Ivy Capital Management acquired a new position in H. B. Fuller during the first quarter worth $990,000. Quantbot Technologies LP increased its holdings in H. B. Fuller by 612.4% during the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock worth $1,576,000 after buying an additional 24,141 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its holdings in H. B. Fuller by 86.1% during the second quarter. Wesbanco Bank Inc. now owns 25,500 shares of the specialty chemicals company’s stock worth $1,534,000 after buying an additional 11,800 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Trading Up 1.5%

Shares of H. B. Fuller stock opened at $61.47 on Monday. 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 $80.15. The firm has a 50-day moving average of $60.12 and a 200-day moving average of $58.01. The stock has a market cap of $3.32 billion, a PE ratio of 33.22, a PEG ratio of 1.11 and a beta of 1.12.

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

H. B. Fuller Announces Dividend

The business also recently declared 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 dividend yield of 1.5%. The ex-dividend date is Thursday, October 16th. H. B. Fuller’s payout ratio is 50.81%.

Insider Activity

In related news, VP Joao Magalhaes sold 1,099 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the sale, the vice president owned 3,285 shares of the company’s stock, valued at $184,978.35. This represents a 25.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FUL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, October 14th. Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $70.00 in a report on Wednesday. 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. Finally, Wall Street Zen upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, H. B. Fuller presently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

H. B. Fuller 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.