XTX Topco Ltd Invests $1.67 Million in H. B. Fuller Company $FUL

XTX Topco Ltd bought a new position in shares of H. B. Fuller Company (NYSE:FUL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,724 shares of the specialty chemicals company’s stock, valued at approximately $1,668,000.

Other hedge funds also recently added to or reduced their stakes in the company. Partners Capital Investment Group LLP raised its stake in shares of H. B. Fuller by 90.3% during the 1st quarter. Partners Capital Investment Group LLP now owns 64,901 shares of the specialty chemicals company’s stock valued at $3,642,000 after buying an additional 30,805 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of H. B. Fuller in the first quarter worth about $581,000. Vanguard Personalized Indexing Management LLC grew its holdings in H. B. Fuller by 12.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock worth $596,000 after acquiring an additional 1,077 shares during the period. QRG Capital Management Inc. raised its position in H. B. Fuller by 19.1% during the second quarter. QRG Capital Management Inc. now owns 8,147 shares of the specialty chemicals company’s stock valued at $490,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in H. B. Fuller by 612.4% during the first quarter. Quantbot Technologies LP now owns 28,083 shares of the specialty chemicals company’s stock valued at $1,576,000 after acquiring an additional 24,141 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO John J. Corkrean sold 14,222 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $60.31, for a total transaction of $857,728.82. Following the completion of the sale, the chief financial officer directly owned 54,646 shares in the company, valued at approximately $3,295,700.26. This trade represents a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the transaction, the vice president directly owned 9,441 shares in the company, valued at $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.99% of the company’s stock.

H. B. Fuller Stock Up 0.5%

Shares of NYSE FUL opened at $58.71 on Friday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The company’s 50-day simple moving average is $58.43 and its 200-day simple moving average is $58.61. 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 52-week low of $47.56 and a 52-week high of $77.77.

H. B. Fuller (NYSE:FUL) last posted 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 for the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Equities analysts predict that H. B. Fuller Company will post 4.07 EPS for the current fiscal 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 paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s payout ratio is 50.81%.

Wall Street Analyst Weigh In

FUL has been the topic of several recent research reports. Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, November 17th. Citigroup raised shares of H. B. Fuller from a “neutral” rating to a “buy” rating and increased their target price for the stock from $62.00 to $70.00 in a research note on Wednesday, October 22nd. Finally, UBS Group started coverage on H. B. Fuller in a research report on Friday, November 21st. They set a “neutral” rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.20.

H. B. Fuller Company 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.