ProShare Advisors LLC Sells 17,013 Shares of H. B. Fuller Company $FUL

ProShare Advisors LLC lessened its position in H. B. Fuller Company (NYSE:FUL) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,321 shares of the specialty chemicals company’s stock after selling 17,013 shares during the quarter. ProShare Advisors LLC’s holdings in H. B. Fuller were worth $7,297,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FUL. Cooke & Bieler LP bought a new position in shares of H. B. Fuller during the 1st quarter worth approximately $36,830,000. Neo Ivy Capital Management bought a new stake in shares of H. B. Fuller in the first quarter worth $990,000. Entropy Technologies LP acquired a new position in H. B. Fuller during the first quarter worth $581,000. Neuberger Berman Group LLC grew its position in H. B. Fuller by 25.4% in the first quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company’s stock valued at $367,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in H. B. Fuller by 612.4% in the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock valued at $1,576,000 after purchasing an additional 24,141 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FUL shares. Wall Street Zen cut H. B. Fuller from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Seaport Res Ptn raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, H. B. Fuller has an average rating of “Moderate Buy” and a consensus target price of $67.75.

H. B. Fuller Price Performance

Shares of NYSE FUL opened at $57.87 on Thursday. The business’s 50 day moving average price is $59.46 and its two-hundred day moving average price is $58.39. The company has a market cap of $3.13 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.06. H. B. Fuller Company has a twelve month low of $47.56 and a twelve month high of $78.68.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 earnings per share (EPS) for the quarter. H. B. Fuller had a return on equity of 11.49% and a net margin of 3.28%.The company had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, analysts predict that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 16th. H. B. Fuller’s payout ratio is 50.81%.

Insider Activity at H. B. Fuller

In other news, CFO John J. Corkrean sold 14,222 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the transaction, the chief financial officer directly owned 54,646 shares of the company’s stock, valued at $3,295,700.26. This represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.99% of the stock is currently owned by corporate insiders.

H. B. Fuller Profile

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.