H. B. Fuller Company (FUL) VP Timothy J. Keenan Sells 6,500 Shares of Stock
H. B. Fuller Company (NYSE:FUL) VP Timothy J. Keenan sold 6,500 shares of H. B. Fuller 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 transaction, the vice president now owns 29,611 shares in the company, valued at approximately $1,630,973.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of H. B. Fuller Company (NYSE FUL) opened at $53.63 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74. H. B. Fuller Company has a twelve month low of $45.82 and a twelve month high of $58.74. The firm has a market capitalization of $2,700.86, a price-to-earnings ratio of 21.55 and a beta of 1.73.
H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The company had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. research analysts forecast that H. B. Fuller Company will post 2.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.12%. The ex-dividend date was Wednesday, October 18th. H. B. Fuller’s payout ratio is presently 29.41%.
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Several equities research analysts recently weighed in on the company. ValuEngine downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised H. B. Fuller from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded H. B. Fuller from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Robert W. Baird assumed coverage on H. B. Fuller in a report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective on the stock. Finally, Deutsche Bank AG raised their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. H. B. Fuller presently has an average rating of “Hold” and an average price target of $57.60.
A number of institutional investors and hedge funds have recently made changes to their positions in FUL. Janus Henderson Group PLC acquired a new position in H. B. Fuller during the 2nd quarter worth about $105,912,000. Principal Financial Group Inc. lifted its holdings in H. B. Fuller by 141.0% during the 2nd quarter. Principal Financial Group Inc. now owns 977,899 shares of the specialty chemicals company’s stock worth $49,980,000 after buying an additional 572,177 shares during the period. Westfield Capital Management Co. LP lifted its holdings in H. B. Fuller by 135.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 476,700 shares of the specialty chemicals company’s stock worth $27,677,000 after buying an additional 274,433 shares during the period. Pioneer Investment Management Inc. acquired a new position in H. B. Fuller during the 2nd quarter worth about $11,091,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in H. B. Fuller by 92.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 417,610 shares of the specialty chemicals company’s stock worth $24,247,000 after buying an additional 200,594 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
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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