Savant Capital LLC Takes $278,000 Position in H. B. Fuller Company $FUL

Savant Capital LLC purchased a new position in shares of H. B. Fuller Company (NYSE:FUL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,616 shares of the specialty chemicals company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooke & Bieler LP raised its position in shares of H. B. Fuller by 15.8% in the second quarter. Cooke & Bieler LP now owns 759,930 shares of the specialty chemicals company’s stock worth $45,710,000 after acquiring an additional 103,660 shares during the period. Bank of New York Mellon Corp increased its stake in shares of H. B. Fuller by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 537,053 shares of the specialty chemicals company’s stock valued at $32,304,000 after purchasing an additional 19,314 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in H. B. Fuller by 3.6% in the 1st 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 period. Partners Capital Investment Group LLP boosted its position 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 in the last quarter. Finally, US Bancorp DE grew its holdings in H. B. Fuller by 0.7% in the second quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock valued at $3,257,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Trading Down 0.4%

Shares of FUL opened at $56.05 on Wednesday. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $78.68. The stock has a market cap of $3.03 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The firm’s fifty day moving average is $59.08 and its two-hundred day moving average is $58.50. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.06.

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

H. B. Fuller Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Thursday, October 16th were given a $0.235 dividend. The ex-dividend date was Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.7%. H. B. Fuller’s dividend payout ratio is 50.81%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FUL. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Sunday. Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.75.

Insider Buying and Selling

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the transaction, the vice president owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. The trade was a 42.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John J. Corkrean sold 14,222 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the sale, the chief financial officer owned 54,646 shares of the company’s stock, valued at approximately $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.99% of the stock is owned by corporate insiders.

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.