Quantbot Technologies LP Raises Stake in H. B. Fuller Company $FUL

Key Points

• Quantbot Technologies LP significantly increased its stake in H. B. Fuller Company by 612.4%, holding a total of 28,083 shares valued at approximately $1.58 million by the end of the first quarter.
• Analysts have mixed ratings for H. B. Fuller, with one Strong Buy, two Buy, three Hold, and one Sell rating, and a consensus price target set at $67.25.
• H. B. Fuller recently declared a quarterly dividend of $0.235 per share, yielding about 1.5%, with a payout ratio of 50.81%.

Quantbot Technologies LP boosted its holdings in H. B. Fuller Company (NYSE:FUL - Free Report) by 612.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,083 shares of the specialty chemicals company's stock after buying an additional 24,141 shares during the period. Quantbot Technologies LP owned approximately 0.05% of H. B. Fuller worth $1,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its position in H. B. Fuller by 25.4% during the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company's stock worth $367,000 after acquiring an additional 1,323 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of H. B. Fuller by 4.7% during the 4th quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company's stock worth $2,231,000 after acquiring an additional 1,472 shares during the period. Entropy Technologies LP acquired a new position in shares of H. B. Fuller in the first quarter valued at $581,000. Neo Ivy Capital Management bought a new position in H. B. Fuller in the 1st quarter valued at about $990,000. Finally, Cooke & Bieler LP bought a new stake in H. B. Fuller in the 1st quarter valued at $36,830,000. 95.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Robert W. Baird upped their target price on H. B. Fuller from $60.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. raised their price objective on H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued 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, the company has a consensus rating of "Hold" and an average price target of $67.25.

Insider Buying and Selling at H. B. Fuller

In related news, VP Robert J. Martsching sold 9,546 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $64.30, for a total transaction of $613,807.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the completion of the sale, the vice president owned 3,285 shares in the company, valued at $184,978.35. This trade represents a 25.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,691 shares of company stock worth $734,478. Company insiders own 1.99% of the company's stock.

H. B. Fuller Stock Down 1.8%

FUL traded down $1.1480 during mid-day trading on Monday, reaching $61.0620. 237,677 shares of the stock were exchanged, compared to its average volume of 363,675. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $85.89. The company has a 50 day moving average price of $59.17 and a two-hundred day moving average price of $56.72. The stock has a market capitalization of $3.29 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.87.

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

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were paid 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 was Thursday, July 31st. H. B. Fuller's dividend payout ratio is presently 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.