H. B. Fuller Company $FUL Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in H. B. Fuller Company (NYSE:FUL) by 19.2% in the first quarter, Holdings Channel.com reports. The fund owned 187,620 shares of the specialty chemicals company’s stock after buying an additional 30,285 shares during the quarter. Sei Investments Co.’s holdings in H. B. Fuller were worth $11,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FUL. Jefferies Financial Group Inc. purchased a new stake in shares of H. B. Fuller in the 4th quarter worth about $2,644,000. Congruence Capital LLC purchased a new position in H. B. Fuller during the fourth quarter worth $10,048,000. Kennedy Capital Management LLC grew its holdings in shares of H. B. Fuller by 43.4% during the fourth quarter. Kennedy Capital Management LLC now owns 630,194 shares of the specialty chemicals company’s stock worth $37,471,000 after buying an additional 190,750 shares in the last quarter. Norges Bank purchased a new stake in shares of H. B. Fuller in the fourth quarter valued at $44,203,000. Finally, UBS Group AG grew its position in shares of H. B. Fuller by 35.0% in the fourth quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock valued at $65,897,000 after purchasing an additional 287,390 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Trading Down 0.1%

H. B. Fuller stock opened at $55.30 on Friday. H. B. Fuller Company has a 52-week low of $48.71 and a 52-week high of $68.63. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.60 and a beta of 0.98. The firm has a 50-day moving average price of $59.61 and a two-hundred day moving average price of $60.63.

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

H. B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 30th. H. B. Fuller’s payout ratio is currently 30.06%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $58.00 to $67.00 in a research report on Friday, June 26th. Wall Street Zen downgraded H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.86.

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.