Partners Capital Investment Group LLP Buys 30,805 Shares of H. B. Fuller Company $FUL

Key Points

• Partners Capital Investment Group LLP increased its stake in H. B. Fuller Company by 90.3% during Q1, purchasing an additional 30,805 shares and bringing its total ownership to 64,901 shares, valued at approximately $3.64 million.
• Several analysts have raised their price targets for H. B. Fuller, with Robert W. Baird increasing it from $60 to $75, while the company's consensus target price currently stands at $67.25.
• H. B. Fuller reported Q2 earnings of $1.18 per share, exceeding analyst expectations, although revenue decreased by 2.1% year-over-year to $898.1 million.

Partners Capital Investment Group LLP boosted its holdings in H. B. Fuller Company (NYSE:FUL - Free Report) by 90.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,901 shares of the specialty chemicals company's stock after purchasing an additional 30,805 shares during the period. Partners Capital Investment Group LLP owned about 0.12% of H. B. Fuller worth $3,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Cooke & Bieler LP bought a new position in shares of H. B. Fuller in the 1st quarter valued at about $36,830,000. Quantbot Technologies LP lifted its stake in shares of H. B. Fuller by 612.4% during the 1st 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. Neo Ivy Capital Management acquired a new stake in H. B. Fuller in the 1st quarter worth about $990,000. Entropy Technologies LP acquired a new stake in H. B. Fuller in the 1st quarter worth about $581,000. Finally, Dorsey & Whitney Trust CO LLC raised its stake 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 in the last quarter. Institutional investors own 95.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FUL. Robert W. Baird lifted their price objective on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. lifted their price objective on shares of H. B. Fuller from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, H. B. Fuller presently has a consensus rating of "Hold" and an average price target of $67.25.

H. B. Fuller Trading Up 1.2%

Shares of FUL traded up $0.72 during trading hours on Tuesday, hitting $61.83. 130,280 shares of the stock were exchanged, compared to its average volume of 469,943. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $85.89. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15. The business has a 50-day moving average of $59.17 and a 200-day moving average of $56.72. The firm has a market capitalization of $3.34 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.13.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.08. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. The business had revenue of $898.10 million during the quarter, compared to analysts' expectations of $894.87 million. During the same period last year, the company posted $1.12 earnings per share. The business's quarterly revenue was down 2.1% on a year-over-year basis. H. B. Fuller has set its FY 2025 guidance at 4.100-4.30 EPS. On average, research analysts expect that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 31st. H. B. Fuller's dividend payout ratio (DPR) is presently 50.81%.

Insider Activity

In other H. B. Fuller news, VP Robert J. Martsching sold 9,546 shares of H. B. Fuller stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $64.30, for a total value of $613,807.80. Following the sale, the vice president owned 14,980 shares of the company's stock, valued at approximately $963,214. The trade was a 38.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joao Magalhaes sold 1,099 shares of H. B. Fuller stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $56.31, for a total transaction of $61,884.69. Following the completion of the transaction, the vice president owned 3,285 shares of the company's stock, valued at $184,978.35. The trade was a 25.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,691 shares of company stock worth $734,478. Insiders own 1.99% of the company's stock.

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.