Premier Fund Managers Ltd Sells 221,694 Shares of H. B. Fuller Company $FUL

Premier Fund Managers Ltd lessened its stake in shares of H. B. Fuller Company (NYSE:FUL) by 27.4% during the 4th quarter, Holdings Channel reports. The firm owned 587,185 shares of the specialty chemicals company’s stock after selling 221,694 shares during the quarter. H. B. Fuller comprises approximately 2.0% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 12th largest position. Premier Fund Managers Ltd’s holdings in H. B. Fuller were worth $35,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of FUL. Strs Ohio purchased a new stake in H. B. Fuller during the 1st quarter worth approximately $101,000. EverSource Wealth Advisors LLC grew its position in H. B. Fuller by 129.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 688 shares during the last quarter. Baird Financial Group Inc. grew its position in H. B. Fuller by 19.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,518 shares of the specialty chemicals company’s stock worth $452,000 after purchasing an additional 1,232 shares during the last quarter. Marshall Wace LLP grew its position in H. B. Fuller by 382.1% during the 2nd quarter. Marshall Wace LLP now owns 20,370 shares of the specialty chemicals company’s stock worth $1,225,000 after purchasing an additional 16,145 shares during the last quarter. Finally, Cerity Partners LLC grew its position in 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 purchasing an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Insider Transactions at H. B. Fuller

In other news, CEO Celeste Beeks Mastin purchased 5,170 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were purchased at an average cost of $57.08 per share, with a total value of $295,103.60. Following the completion of the acquisition, the chief executive officer owned 8,670 shares of the company’s stock, valued at approximately $494,883.60. This represents a 147.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of H. B. Fuller from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Sunday, March 29th. Citigroup boosted their target price on shares of H. B. Fuller from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.50.

H. B. Fuller Stock Up 2.2%

NYSE:FUL opened at $60.96 on Thursday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 20.12, a PEG ratio of 0.78 and a beta of 0.95. H. B. Fuller Company has a 1-year low of $48.71 and a 1-year high of $68.63. The company’s fifty day moving average price is $60.17 and its 200-day moving average price is $60.46. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.92 and a quick ratio of 1.15.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, March 26th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $770.84 million for the quarter, compared to analyst estimates of $787.77 million. H. B. Fuller had a net margin of 4.62% and a return on equity of 11.84%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, equities research analysts anticipate that H. B. Fuller Company will post 4.77 EPS for the current year.

H. B. Fuller Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.6%. This is a boost from H. B. Fuller’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, April 30th. H. B. Fuller’s payout ratio is currently 32.34%.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.