Vanguard Personalized Indexing Management LLC Purchases 1,077 Shares of H. B. Fuller Company $FUL

Vanguard Personalized Indexing Management LLC grew its holdings in H. B. Fuller Company (NYSE:FUL) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,904 shares of the specialty chemicals company’s stock after purchasing an additional 1,077 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in H. B. Fuller were worth $596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in H. B. Fuller by 141.6% during 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 during the last quarter. Strs Ohio bought a new stake in shares of H. B. Fuller in the first quarter worth $101,000. Signaturefd LLC raised its position in H. B. Fuller by 20.5% in the second quarter. Signaturefd LLC now owns 1,743 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 297 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 1,604 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in shares of H. B. Fuller by 25.4% during the 1st quarter. Neuberger Berman Group LLC now owns 6,538 shares of the specialty chemicals company’s stock valued at $367,000 after buying an additional 1,323 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Performance

Shares of FUL stock opened at $60.31 on Wednesday. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $80.15. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.07 and a beta of 1.12. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $60.06 and its 200 day moving average is $57.74.

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 firm had revenue of $725.90 million during the quarter. H. B. Fuller has set its FY 2022 guidance at $4.100-$4.350 EPS. On average, sell-side analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

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

Insiders Place Their Bets

In other news, VP Joao Magalhaes sold 1,099 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $56.31, for a total value of $61,884.69. Following the transaction, the vice president directly owned 3,285 shares of the company’s stock, valued at approximately $184,978.35. This represents a 25.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FUL shares. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, June 27th. Citigroup reduced their price target on shares of H. B. Fuller from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, September 26th. Robert W. Baird raised their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, June 27th. Finally, Seaport Res Ptn upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, H. B. Fuller presently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

H. B. Fuller Company 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.