H. B. Fuller Company $FUL Stock Position Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in H. B. Fuller Company (NYSE:FUL) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,851 shares of the specialty chemicals company’s stock after acquiring an additional 2,040 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in H. B. Fuller were worth $1,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning raised its position in shares of H. B. Fuller by 47.8% during the 2nd quarter. Creative Planning now owns 32,137 shares of the specialty chemicals company’s stock worth $1,933,000 after purchasing an additional 10,399 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in H. B. Fuller by 6.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,914 shares of the specialty chemicals company’s stock worth $837,000 after buying an additional 830 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in H. B. Fuller by 3.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 12,590 shares of the specialty chemicals company’s stock worth $757,000 after buying an additional 452 shares during the period. Geode Capital Management LLC lifted its stake in H. B. Fuller by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after buying an additional 5,323 shares during the last quarter. Finally, Accredited Investors Inc. acquired a new position in shares of H. B. Fuller during the second quarter valued at $222,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FUL shares. Citigroup raised shares of H. B. Fuller from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $70.00 in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, November 17th. UBS Group initiated coverage on H. B. Fuller in a research report on Friday, November 21st. They set a “neutral” rating and a $60.00 price objective for the company. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Finally, Wall Street Zen downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, H. B. Fuller currently has an average rating of “Moderate Buy” and an average price target of $66.20.

Insider Activity

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

H. B. Fuller Trading Up 0.5%

H. B. Fuller stock opened at $58.71 on Thursday. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $77.77. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.93 and a quick ratio of 1.18. The stock has a market capitalization of $3.18 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The firm has a 50 day simple moving average of $58.49 and a 200-day simple moving average of $58.60.

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

H. B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Thursday, October 16th were given a dividend of $0.235 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.94 annualized dividend and a dividend yield of 1.6%. H. B. Fuller’s dividend payout ratio (DPR) is 50.81%.

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.