Dynamic Technology Lab Private Ltd Makes New $729,000 Investment in H. B. Fuller Company $FUL

Dynamic Technology Lab Private Ltd purchased a new stake in shares of H. B. Fuller Company (NYSE:FUL) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 12,130 shares of the specialty chemicals company’s stock, valued at approximately $729,000.

Several other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC grew its position in H. B. Fuller by 141.6% in the 2nd quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 313 shares in the last quarter. Strs Ohio bought a new position in shares of H. B. Fuller in the first quarter valued at approximately $101,000. Signaturefd LLC increased its stake in shares of H. B. Fuller by 20.5% during the second quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock valued at $105,000 after acquiring an additional 297 shares during the period. Huntington National Bank raised its holdings in H. B. Fuller by 23.9% during the second quarter. Huntington National Bank now owns 2,236 shares of the specialty chemicals company’s stock worth $134,000 after purchasing an additional 432 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in H. B. Fuller by 119.0% in the second quarter. GAMMA Investing LLC now owns 2,952 shares of the specialty chemicals company’s stock worth $178,000 after purchasing an additional 1,604 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

H. B. Fuller Trading Up 3.4%

NYSE:FUL opened at $57.31 on Friday. The stock has a fifty day simple moving average of $58.70 and a 200 day simple moving average of $58.52. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $78.68. 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 (NYSE:FUL) last posted its quarterly earnings data on Wednesday, April 13th. The specialty chemicals company reported $0.66 EPS for the quarter. H. B. Fuller had a net margin of 3.28% and a return on equity of 11.49%. The company had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. Sell-side analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Thursday, October 16th were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, October 16th. H. B. Fuller’s payout ratio is presently 50.81%.

Insider Buying and Selling at H. B. Fuller

In other news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction on 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 owned 9,441 shares in the company, valued at approximately $551,165.58. The trade was a 42.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John J. Corkrean sold 14,222 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $60.31, for a total value of $857,728.82. Following the transaction, the chief financial officer directly owned 54,646 shares in the company, valued at $3,295,700.26. The trade was a 20.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FUL. Weiss Ratings reiterated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, November 17th. Wall Street Zen raised H. B. Fuller from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Seaport Res Ptn raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup upgraded shares of H. B. Fuller from a “neutral” rating to a “buy” rating and raised their price objective for the company from $62.00 to $70.00 in a research report on Wednesday, October 22nd. Finally, UBS Group started coverage on shares of H. B. Fuller in a report on Friday. They issued a “neutral” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.20.

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.