Insider Selling: H. B. Fuller (NYSE:FUL) VP Sells $593,355.66 in Stock

H. B. Fuller Company (NYSE:FUL) VP Nathan Weaver sold 9,561 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the sale, the vice president directly owned 11,739 shares of the company’s stock, valued at approximately $728,522.34. This represents a 44.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

H. B. Fuller Trading Up 4.2%

Shares of NYSE FUL opened at $62.70 on Friday. 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 stock’s 50 day moving average price is $59.36 and its two-hundred day moving average price is $60.50. H. B. Fuller Company has a 52-week low of $48.71 and a 52-week high of $68.63. The stock has a market capitalization of $3.37 billion, a P/E ratio of 19.23, a PEG ratio of 0.65 and a beta of 0.98.

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

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 30th. H. B. Fuller’s payout ratio is currently 30.06%.

Analyst Upgrades and Downgrades

FUL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Citigroup lifted their price target on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. UBS Group set a $69.00 price objective on shares of H. B. Fuller in a research report on Friday, June 26th. Wall Street Zen lowered shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, JPMorgan Chase & Co. raised shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $58.00 to $67.00 in a report on Friday, June 26th. One equities research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.86.

Institutional Investors Weigh In On H. B. Fuller

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted 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 valued at $160,854,000 after buying an additional 132,558 shares during the last quarter. Cooke & Bieler LP grew its position in shares of H. B. Fuller by 13.3% during the fourth quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock worth $99,754,000 after acquiring an additional 196,644 shares during the last quarter. 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 worth $73,021,000 after acquiring an additional 66,686 shares during the period. UBS Group AG increased its holdings in shares of H. B. Fuller by 35.0% in the 4th quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock worth $65,897,000 after acquiring an additional 287,390 shares during the period. Finally, Wellington Management Group LLP lifted its position in H. B. Fuller by 3.6% in the 3rd 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 during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

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.