Bleakley Financial Group LLC Buys 677 Shares of H. B. Fuller Company $FUL

Bleakley Financial Group LLC boosted its stake in shares of H. B. Fuller Company (NYSE:FUL) by 6.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,400 shares of the specialty chemicals company’s stock after buying an additional 677 shares during the quarter. Bleakley Financial Group LLC’s holdings in H. B. Fuller were worth $686,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FUL. Ethic Inc. boosted its stake in shares of H. B. Fuller by 35.7% during the second quarter. Ethic Inc. now owns 19,709 shares of the specialty chemicals company’s stock valued at $1,217,000 after purchasing an additional 5,186 shares during the period. Bayforest Capital Ltd bought a new position in shares of H. B. Fuller in the second quarter worth approximately $221,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of H. B. Fuller by 35.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,673 shares of the specialty chemicals company’s stock worth $1,063,000 after purchasing an additional 4,631 shares during the last quarter. CWM LLC grew its holdings in shares of H. B. Fuller by 444.7% in the second quarter. CWM LLC now owns 3,622 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 2,957 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of H. B. Fuller by 12.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock worth $596,000 after purchasing an additional 1,077 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Stock Up 1.5%

FUL stock opened at $61.47 on Monday. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $80.15. The business’s 50 day moving average price is $60.12 and its two-hundred day moving average price is $58.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12.

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

H. B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Thursday, October 16th will be paid a $0.235 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.94 annualized dividend and a dividend yield of 1.5%. H. B. Fuller’s dividend payout ratio is presently 50.81%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, October 14th. Wall Street Zen upgraded H. B. Fuller from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup upgraded H. B. Fuller from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $70.00 in a report on Wednesday. Finally, Seaport Res Ptn upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.75.

Insider Buying and Selling at H. B. Fuller

In related news, VP Joao Magalhaes sold 1,099 shares of the company’s stock in a transaction that occurred 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 sale, the vice president owned 3,285 shares in the company, valued at $184,978.35. This represents a 25.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.99% of the stock is owned by 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.