Insider Selling: H. B. Fuller (NYSE:FUL) CFO Sells $857,728.82 in Stock

H. B. Fuller Company (NYSE:FUL) CFO John Corkrean sold 14,222 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 54,646 shares in the company, valued at approximately $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

H. B. Fuller Price Performance

Shares of FUL stock opened at $57.29 on Friday. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $80.15. The stock has a market cap of $3.10 billion, a PE ratio of 30.97, a PEG ratio of 1.05 and a beta of 1.12. 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 firm’s 50 day moving average price is $60.07 and its two-hundred day moving average price is $58.13.

H. B. Fuller (NYSE:FUL) last announced 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 net margin of 3.28% and a return on equity of 11.49%. 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 EPS for the current year.

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, October 16th. H. B. Fuller’s dividend payout ratio (DPR) is currently 50.81%.

Analyst Ratings Changes

FUL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Tuesday, October 14th. Citigroup raised shares of H. B. Fuller from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.75.

Institutional Investors Weigh In On H. B. Fuller

Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in H. B. Fuller by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 50,486 shares of the specialty chemicals company’s stock valued at $3,037,000 after acquiring an additional 173 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of H. B. Fuller by 3.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,232 shares of the specialty chemicals company’s stock worth $495,000 after buying an additional 246 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of H. B. Fuller by 1.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 24,867 shares of the specialty chemicals company’s stock worth $1,474,000 after buying an additional 251 shares during the period. Cerity Partners LLC boosted its holdings in shares of H. B. Fuller by 2.3% during the 2nd quarter. Cerity Partners LLC now owns 11,499 shares of the specialty chemicals company’s stock worth $692,000 after buying an additional 261 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of H. B. Fuller by 20.5% during the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 297 shares during the period. 95.93% of the stock is owned by institutional investors.

About H. B. Fuller

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.