S&CO Inc. Purchases New Position in H. B. Fuller Company $FUL

Key Points

• S&CO Inc. acquired 241,781 shares of H. B. Fuller in the second quarter, valued at approximately $14.1 million and representing about 0.45% of the company. Institutional investors collectively own 95.93% of FUL’s outstanding stock.
• H. B. Fuller exceeded quarterly expectations, reporting $1.41 in EPS versus a $1.37 estimate and revenue of $950.27 million, up 5.8% year over year. Shares opened at $62.70, while analysts maintain a “Moderate Buy” consensus with a $67.86 average price target.
• The company declared a quarterly dividend of $0.245 per share, equivalent to an annualized $0.98 dividend and a 1.6% yield. Separately, a company vice president sold 9,561 shares, reducing his holdings by 44.89%.

S&CO Inc. purchased a new stake in shares of H. B. Fuller Company (NYSE:FUL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 241,781 shares of the specialty chemicals company's stock, valued at approximately $14,093,000. S&CO Inc. owned approximately 0.45% of H. B. Fuller at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of H. B. Fuller by 85.6% during the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company's stock valued at $64,000 after acquiring an additional 477 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of H. B. Fuller in the first quarter worth approximately $240,000. Bank of America Corp DE lifted its stake in shares of H. B. Fuller by 36.3% during the 1st quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company's stock worth $31,652,000 after acquiring an additional 136,666 shares during the last quarter. Amundi lifted its stake in shares of H. B. Fuller by 23.1% during the 1st quarter. Amundi now owns 12,024 shares of the specialty chemicals company's stock worth $742,000 after acquiring an additional 2,253 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in H. B. Fuller by 19.8% during the 1st quarter. California State Teachers Retirement System now owns 61,623 shares of the specialty chemicals company's stock valued at $3,801,000 after acquiring an additional 10,196 shares during the period. Hedge funds and other institutional investors own 95.93% of the company's stock.

H. B. Fuller Stock Up 4.2%

Shares of NYSE FUL opened at $62.70 on Friday. H. B. Fuller Company has a 52-week low of $48.71 and a 52-week high of $68.63. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.68 and a beta of 0.98. The stock has a 50 day moving average price of $59.36 and a 200 day moving average price of $60.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $950.27 million for the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.H. B. Fuller's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. Sell-side analysts expect that H. B. Fuller Company will post 4.87 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.6%. H. B. Fuller's dividend payout ratio is presently 30.06%.

Insider Activity at H. B. Fuller

In other news, VP Nathan D. Weaver sold 9,561 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total transaction of $593,355.66. Following the transaction, the vice president owned 11,739 shares in the company, valued at approximately $728,522.34. This trade represents a 44.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on FUL. JPMorgan Chase & Co. raised H. B. Fuller from a "neutral" rating to an "overweight" rating and upped 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 report on Saturday, July 25th. UBS Group set a $69.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Weiss Ratings restated a "hold (c)" rating on shares of H. B. Fuller in a 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 note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.86.

About H. B. Fuller

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.

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