H. B. Fuller Co. (FUL) VP Sells $370,455.28 in Stock
H. B. Fuller Co. (NYSE:FUL) VP Timothy J. Keenan sold 8,236 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $44.98, for a total transaction of $370,455.28. Following the transaction, the vice president now owns 29,027 shares in the company, valued at $1,305,634.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of H. B. Fuller Co. (NYSE:FUL) opened at 47.96 on Tuesday. H. B. Fuller Co. has a 12-month low of $32.49 and a 12-month high of $48.83. The stock has a market cap of $2.41 billion, a P/E ratio of 22.31 and a beta of 1.71. The company’s 50-day moving average is $44.36 and its 200-day moving average is $45.50.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same quarter in the prior year, the company earned $0.61 EPS. On average, analysts expect that H. B. Fuller Co. will post $2.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Thursday, October 27th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, October 25th. This represents a $0.56 dividend on an annualized basis and a yield of 1.17%. H. B. Fuller’s dividend payout ratio (DPR) is 26.05%.
Several hedge funds and other institutional investors have recently bought and sold shares of FUL. Tower Research Capital LLC TRC increased its position in H. B. Fuller by 1,963.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,682 shares of the company’s stock worth $118,000 after buying an additional 2,552 shares during the last quarter. Huntington National Bank increased its position in H. B. Fuller by 7,513.5% in the second quarter. Huntington National Bank now owns 2,817 shares of the company’s stock worth $124,000 after buying an additional 2,780 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in H. B. Fuller by 4.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,417 shares of the company’s stock worth $150,000 after buying an additional 159 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in H. B. Fuller during the third quarter worth about $185,000. Finally, Reynders McVeigh Capital Management LLC acquired a new position in H. B. Fuller during the third quarter worth about $209,000. Institutional investors own 90.03% of the company’s stock.
FUL has been the topic of a number of recent analyst reports. Deutsche Bank AG dropped their price target on shares of H. B. Fuller from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Friday, September 23rd. Citigroup Inc. initiated coverage on shares of H. B. Fuller in a research note on Thursday, September 29th. They set a “buy” rating and a $53.00 price target on the stock. Zacks Investment Research lowered shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Finally, Seaport Global Securities upgraded shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $51.00 in a research note on Monday, September 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $50.00.
H. B. Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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