Geode Capital Management LLC Raises Holdings in H. B. Fuller Company $FUL

Geode Capital Management LLC lifted its position in H. B. Fuller Company (NYSE:FUL) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286,348 shares of the specialty chemicals company’s stock after acquiring an additional 5,323 shares during the quarter. Geode Capital Management LLC owned 2.38% of H. B. Fuller worth $77,383,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in H. B. Fuller by 3.1% during the second quarter. Teacher Retirement System of Texas now owns 8,232 shares of the specialty chemicals company’s stock valued at $495,000 after buying an additional 246 shares during the period. Signaturefd LLC raised its position in shares of H. B. Fuller by 20.5% in the 2nd quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 297 shares in the last quarter. Parallel Advisors LLC grew its stake in H. B. Fuller by 141.6% in the second quarter. Parallel Advisors LLC now owns 534 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 313 shares during the last quarter. Inspire Investing LLC lifted its position in shares of H. B. Fuller by 5.4% during the second quarter. Inspire Investing LLC now owns 6,485 shares of the specialty chemicals company’s stock valued at $390,000 after buying an additional 332 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in H. B. Fuller by 1.7% during the first quarter. Summit Investment Advisors Inc. now owns 19,624 shares of the specialty chemicals company’s stock valued at $1,101,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

Analysts Set New Price Targets

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

H. B. Fuller Price Performance

Shares of FUL opened at $57.31 on Friday. The business’s 50-day moving average is $58.70 and its two-hundred day moving average is $58.52. The company has a market capitalization of $3.10 billion, a P/E ratio of 30.98, a P/E/G ratio of 1.05 and a beta of 1.13. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $78.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.18 and a current ratio of 1.93.

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

H. B. Fuller Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. H. B. Fuller’s dividend payout ratio is currently 50.81%.

Insider Activity at H. B. Fuller

In other news, CFO John J. Corkrean sold 14,222 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the completion of the sale, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Weaver sold 7,075 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $58.38, for a total value of $413,038.50. Following the transaction, the vice president owned 9,441 shares in the company, valued at $551,165.58. This trade represents a 42.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.99% of the stock is currently owned by company insiders.

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.