Timothy J. Keenan Sells 6,500 Shares of H. B. Fuller Company (FUL) Stock
H. B. Fuller Company (NYSE:FUL) VP Timothy J. Keenan sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $55.08, for a total value of $358,020.00. Following the completion of the sale, the vice president now owns 29,611 shares in the company, valued at $1,630,973.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of H. B. Fuller Company (NYSE:FUL) opened at $53.47 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.72 and a current ratio of 2.63. H. B. Fuller Company has a one year low of $45.82 and a one year high of $58.74. The stock has a market capitalization of $2,699.35, a price-to-earnings ratio of 21.54 and a beta of 1.73.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The company had revenue of $562.87 million for the quarter, compared to the consensus estimate of $553.66 million. research analysts anticipate that H. B. Fuller Company will post 2.6 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 19th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. H. B. Fuller’s payout ratio is 29.41%.
Several large investors have recently added to or reduced their stakes in FUL. Teachers Advisors LLC raised its stake in shares of H. B. Fuller by 2.8% during the 1st quarter. Teachers Advisors LLC now owns 105,023 shares of the specialty chemicals company’s stock valued at $5,415,000 after purchasing an additional 2,883 shares during the period. Bank of America Corp DE grew its position in H. B. Fuller by 36.3% during the first quarter. Bank of America Corp DE now owns 189,510 shares of the specialty chemicals company’s stock worth $9,771,000 after buying an additional 50,441 shares in the last quarter. State of Alaska Department of Revenue grew its position in H. B. Fuller by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 9,978 shares of the specialty chemicals company’s stock worth $509,000 after buying an additional 4,408 shares in the last quarter. Ronna Sue Cohen grew its position in H. B. Fuller by 0.3% during the second quarter. Ronna Sue Cohen now owns 58,447 shares of the specialty chemicals company’s stock worth $2,987,000 after buying an additional 156 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in H. B. Fuller by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the specialty chemicals company’s stock worth $1,053,000 after buying an additional 100 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
FUL has been the topic of several research reports. BidaskClub lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. KeyCorp restated a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Deutsche Bank AG boosted their target price on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. Finally, Robert W. Baird initiated coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.60.
About H. B. Fuller
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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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